News about Oil

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.
07 April 2014 11:45
KazMunaiGas quits White Bear JSC KazMunaiGas (KMG) decided to quit White Bear project.
04 April 2014 14:12
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.
29 March 2014 10:45
KazTransOil to increase oil pumping tariffs KazTransOil will increase oil pumping tariffs on exported oil starting from April.
27 March 2014 12:46
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.
22 March 2014 18:01
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.
21 March 2014 23:33
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.
18 March 2014 09:49
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.
11 March 2014 12:23
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.
11 March 2014 10:51
Malaysia expects 'jet oil slick' analysis Monday Malaysian authorities expect to complete by Monday afternoon a lab analysis that could indicate whether an oil slick at sea came from a missing passenger jet, an official said.
10 March 2014 13:58
Wealthiest Kazakhs: Forbes 2014 Five Kazakhstan richest man made it into the Forbes list this year.
05 March 2014 19:05
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 21:11
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 15:09
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 13:36
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 12:03
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 11:56
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 15:24
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 18:00
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 16:52
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 10:07
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