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Kazakhstan Oil Ministry has nothing to say about suspension at Kashagan The Kazakhstan Ministry of Oil and Gas declined to make any statement until causes of accident and those responsible for it are identified.

13 November 2013

Putin in S. Korea to push new 'Silk Road' via N. Korea Russian President Vladimir Putin was in South Korea Wednesday to push a pet project for a new major trading route linking Asia and Europe by rail that requires prying open North Korea.

13 November 2013

Chevron ordered to pay Ecuador $9.51 bn on appeal: court An Ecuadoran court Tuesday upheld a ruling that US oil giant Chevron was liable for environmental damage in its Amazon basin region by sister company Texaco, but ordered it to pay a reduced $9.51 billion.

13 November 2013

Suspension at Kashagan won't affect Kazakhstan's 2013 budget Production from the Kashagan oilfield was not taken into consideration when the 2013 Kazakhstan state budget was made, so it will not affect the planned budget revenues.

13 November 2013

40 subsurface use contracts to be terminated in Kazakhstan Around 40 contracts on subsurface use will be terminated in Kazakhstan by the end of the year.

12 November 2013

Rosneft to transit crude to China across Kazakhstan Late October Russia’s Energy Minister Aleksandr Novak said that Rosneft was negotiating oil transits across Kazakhstan to China via the Kazakh-Chinese Atasu-Alashankow pipeline.

12 November 2013

Kazakhstan lifts restrictions from import of Russian petrol The government of Kazakhstan has lifted restrictions from import of petrol from Russia.

12 November 2013

Shymkent oil refinery plant restarted after overhaul Shymkent Oil Refinery in southern Kazakhstan has started working after the overhaul.

11 November 2013

Max Petroleum to drill two more wells at Uytas field Kazakhstan-focused British Max Petroleum is planning to drill two more wells in the Uytas field.

08 November 2013

Tethys Petroleum selling 50 percent of Kazakh assets to Chinese equity fund Tethys Petrolium is selling 50 percent of its Kazakhstan assets to SinoHan Oil and Gas Investment.

07 November 2013

Kashagan consortium gets oil spill response base NCPOC has rented an ecological base for oil spills response at the Caspian Sea.

06 November 2013

Kazakhstan's 3-year budget based on $90 per barrel oil price Kazakhstan has based its new 3-year budget on the oil price of $90 per barrel.

05 November 2013

Kazakhstan poised to join Islamic Financial Services Board Kazakhstan intends to join the Islamic Financial Services Board (IFSB).

04 November 2013

Clients take a licking in Malaysia 'cheese' massage: report Dodgy Malaysian "spas" are dispensing with the massage oil in favour of cream cheese in a kinky new offering in the country's bustling erotic massage industry.

04 November 2013

ConocoPhillips completes sale of Kashagan share to KMG and views Kashagan as non-core asset The main reason why ConocoPhillips sold its share in the gigantic pie that everyone wants a bite from has nothing to do with the complexity of the field or the bulging expenses of the consortium to develop it.

31 October 2013

Suspended production at Kashagan may disrupt Kazakhstan’s plan of producing 82 million tons of crude in 2013 According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.

31 October 2013

TengizChevroil to resume oil shipments through Baku – Tbilisi – Ceyhan The consortium has already designated the Aktau tanker to transport crude from Aktau to Baku to be further pumped to the pipeline.

29 October 2013

Managing Director of Agip KCO resigns Managing Director of Agip KCO Umberto Carrara is going to be replaced by Guido Brusco after November 1.

29 October 2013

Oil-rich Kuwait warns welfare state unsustainable Oil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.

29 October 2013

Magzum Mirzagaliyev appointed Kazakhstan's Vice-Minister of Oil and Gas Magzum Mirzagaliyev has been appointed the new Oil and Gas Vice-Minister of Kazakhstan.

24 October 2013

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