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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

Kazakhstan may oblige energy companies to prioritize supplies to local market One of the pressing issues when constructing a 4th oil refinery in Kazakhstan is to ensure sufficient crude: Oil and Gas Minister.

27 January 2014

Kazakhstan-based oil refineries process 14.3 million tons of crude in 2013 The 2013 crude and condensed gas production totaled 81.8 million tons.

27 January 2014

Individual technical failures at Kashagan oilfield do not affect entire system The start showed that the well works all right and the entire drilling complex is properly functioning: Oil and Gas Minister.

27 January 2014

Oil prices mixed ahead of Fed policy meeting Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting this week in anticipation of further stimulus pullback.

27 January 2014

French Total promises to remove delaying factors at Kashagan According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil. promises

24 January 2014

China to fund $10 bn megarefinery in Ecuador China will finance most of the costs associated with building a $10 billion refinery in Ecuador, and become a partner in the megaproject.

23 January 2014

Kazakhstan should develop oil and gas transport infrastructure: IEA Executive Director Kazakhstan should develop oil and gas transport infrastructure and take a hard stance of pricing talks in the region: Maria van der Hoeven.

21 January 2014

Astana bids to host World Petroleum Congress, but looses to Istanbul The World Petroleum Congress is one of the most prestigious global events and Astana was biding to host it.

21 January 2014

Kazakhstan to tender out several onshore oil and gas blocks The moratorium on holding tenders on subsoil use rights for natural resources, including oil, was lifted at the meeting in January 2013.

21 January 2014

Kazakhstan to develop science: Nazarbayev Nazarbayev instructed the state officials to increase financing of scientific research in Kazakhstan.

20 January 2014

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