Commercial production at Kashagan to be resumed at the end of 2015: Minister of Economic Affairs
He elaborated that “these are preliminary data obtained from the consortium of foreign companies in charge of developing the oilfield”.
India to tap in Caspian oil in Kazakhstan
India might become the developer of Kazakhstan’s Abai oil block at the Caspian Sea.
Head of NCOC, Kashagan operating company, to resign
A full-scaled resumption of crude production at the giant Kashagan oilfield should be expected at the end of 2015, Yves Louis Darricarrere, President of the Exploration & Production Division at Total SA, said earlier.
Pirates kidnap three on Singapore tanker off Malaysia
Armed pirates boarded a Singapore-managed oil tanker in the Strait of Malacca, kidnapping three Indonesian crew and stealing some of the vessel's shipment of diesel fuel, the International Maritime Bureau said.
Iran oil exports rise to 1.2 mn barrels per day
Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.
LUKOIL sells 50% in Caspian Investment Resources Ltd with assets in Kazakhstan to China’s Sinopec
According to Vagit Alekperov, LUKOIL head, the company plans to redirect funds into geological exploration, including in the Kazakhstan’s part of the Caspian Sea.
Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan
Talks will be held with other oil producers to boost crude production and exports by at least 1.5 million tons at other oilfields: Minister of Economic Affairs.
Chevron, YPF ramp up Argentina shale investment
US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
Kashagan oil production may be suspended for 2 years
Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.
Oil Minister on Kazakhstan’s export capabilities amidst possible sanctions against neighboring Russia
According to him, Kazakhstan’s Caspian sea port in Aktau now exports about 12 million tons of crude; the route to China also remains important.
In 2013 Kazakhstan sent biggest volume of crude to Italy
In 2013, Italy accounted for 27% of Kazakhstan’s crude exports, followed by China (17%), the Netherlands (13%), France (9%), Austria (7%): Oil Minister Uzakbai Karabalin.
Oil Minister Uzakbai Karabalin on Kashagan
Over 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.
KazMunaiGas quits White Bear
JSC KazMunaiGas (KMG) decided to quit White Bear project.
Nigeria arrests two Britons over 'oil theft plot'
Two British nationals were among 14 people arrested on suspicion of attempted bribery in connection with an alleged plot to steal oil from a pipeline, Nigeria said.
KazTransOil to increase oil pumping tariffs
KazTransOil will increase oil pumping tariffs on exported oil starting from April.
NCOC and Agip to dispute Kashagan fine
NCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.
Kashagan operator fined $737 million for flaring
Kazakhstan ecologists are demanding that the Kashagan field operator pays a fine of $737 million to compensate the environmental damage.
Crude prices up after Crimea referendum
Oil prices rose in Asia Monday on increased geopolitical tensions as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia.
Libya intercepts tanker loaded with rebel oil
Libyan authorities said they intercepted a North Korean-flagged tanker which had loaded crude from a rebel-held eastern port, as the conflict over the country's key petroleum revenues escalated.
Kazakhstan raises export duty rates for crude
Export duty rate for crude is to be raised from $60 to $80 per ton starting from April 1, 2014.
