site.news_by_theme Oil
Kazakhstan wants sole operator for Russian petroleum products supplies
A KazMunaiGas subsidiary will be made the only operator managing petroleum products supplies from Russia.
04 March 2014
Kazakhstan-China tolling no longer feasible: Mynbayev
Sauat Mynbayev, Chairman of KazMunaiGas (KMG), Kazakhstan's national oil and gas company, believes that duty-free supplies from Russia make shipment of Kazakhstan's crude to China for processing no longer feasible.
04 March 2014
KazMunaiGas Head on Kashagan
It’s too early to talk of any specific figures, estimated expenses related to repairs of the pipe: KazMunaiGas National Oil Company Head.
04 March 2014
KazMunaiGas Head on the 4th oil refinery
In the second half of 2016 the three oil refineries they will be able to fully meet the domestic demand: Sauat Mynbayev.
04 March 2014
Kazakh Minister of Economic Affairs on Kashagan
We hope the production will be resumed in the second half of the year, with the production output reaching 2.5-3 million tons of oil: Yerbolat Dossayev.
03 March 2014
Kazakhstan to establish Drilling and Production Research Institute
A research institute of oil drilling and production will soon be created in Kazakhstan.
27 February 2014
KazMunaiGas head on decreasing fuel supplies from Russia
Given the domestic prices for fuel the Russian supplies are set to decrease: Sauat Mynbayev.
25 February 2014
There is still uncertainty at Kashagan: KazMunaiGas National O&G Company Head
For Kazakhstan the situation might be not so bad; however, it has consequences for the Company: Sauat Mynbayev.
25 February 2014
PSA conditions at Karachaganak now favoring Kazakhstan
Investments injected into the oilfield have been recouped: Minister of Oil and Gas Uzakbai Karabalin.
21 February 2014
Tanker explosion trial starts in Mangistau Oblast
A trial of the petrol truck driver involved in the massive flaring of a petrol train has started In Mangistau Oblast.
20 February 2014
S. Korean constructors win $6bn refinery deal in Iraq
A consortium of four major South Korean construction companies has won a $6.04 billion deal to build an oil refinery in Iraq.
19 February 2014
Oil markets tight, IEA warns
World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.
14 February 2014
Nazarbayev expects serious oil from Kashagan
Nursultan Nazarbayev, President of Kazakhstan, is expecting some ‘serious’ oil from flicking Kashagan oil field at the Caspian Sea in 2014.
13 February 2014
Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation
Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014: Uzakbai Karabalin.
13 February 2014
Oil prices up on winter demand, Yellen testimony
Oil prices rose in Asian trading hours Wednesday due to strong winter demand and expectations that new Federal Reserve head Janet Yellen will not shake up US monetary policy.
12 February 2014
Costa Rica to sue Nicaragua over territorial sea rights
Costa Rica said Tuesday it will take Nicaragua to the International Court of Justice over what San Jose alleges is Managua's seeking to have oil exploration work done in Costa Rican waters.
05 February 2014
Oil and Gas Minister on Kashagan
The major problematic zones are zones adjacent to welded joints: Uzakbai Karabalin.
04 February 2014
S. Korea cleans up after oil spill
South Korea's coastguard said Monday it would take at least two weeks to clean up the shoreline fouled by an oil spill off the southwestern port of Yeosu.
04 February 2014
Kazakhstan PM calls to prevent labor conflicts in oil and gas
Oil and gas companies are going to be held responsible for the labor conflicts occurring on their sites.
28 January 2014
9 hydrocarbons production contracts terminated in 2013
As of today there are 199 contracts for hydrocarbons production, with 171 of them containing certain requirements to the share of locally produced products/services and the share of local work force.
27 January 2014