site.news_by_theme Oil

North Caspian Operating Company logo Kashagan consortium gets oil spill response base NCPOC has rented an ecological base for oil spills response at the Caspian Sea.
06 November 2013
Photo courtesy of munaigaz.kz 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
Asset Issekeshev. ©Marat Abilov Kazakhstan poised to join Islamic Financial Services Board Kazakhstan intends to join the Islamic Financial Services Board (IFSB).
04 November 2013
©Reuters 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
Oil refinery near Kashagan field. ©Reuters 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
©REUTERS 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
©RIA Novosti  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
©Reuters 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
©Reuters/Tony Gentile 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. ©SKazyna 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
Chinese firms to star in upcoming Brazil oil auction Chinese oil giants CNOOC and CNPC will be in a prime position in next week's first auction of deep-water concessions in Brazil's coveted Libra oilfield.
18 October 2013
©Reuters Australia, US, France urge Antarctic protected areas Australia, New Zealand, the United States, France and the EU on Wednesday stepped up pressure on Russia for a swift agreement to create vast Antarctic marine sanctuaries.
16 October 2013
©RIA Novosti Leaking wells may cause ecological disaster at Caspian Sea There are currently around 1,400 leaking wells in the Caspian sea area; 128 of them are underwater: Atyrau Oblast Akim.
14 October 2013
©Reuters/Victor Ruiz Garcia Venezuela holds US-operated oil ship in spat with Guyana Venezuela on Friday said it has detained a US-operated oil exploration ship sent from Guyana in disputed waters off its coast, in a fresh border spat between the two neighbors.
13 October 2013
©RIA Novosti Kashagan oil may be partially supplied to China Every participant of the consortium has a right to sell oil individually and, thus, the route, destination and prices depend on the participants of the consortium working at Kashagan: Minister.
10 October 2013
Kazakhstan Oil and Gas Minister Uzakbai Karabalin. ©primeminister.kz Global oil production will peak in 2030s: Minister Energy consumption is expected to grow 30-40 percent by 2030: Kazakhstan Oil and Gas Minister.
09 October 2013
©REUTERS Oil production at Kashagan reaches 60 thousand barrels per day Kazakhstan and its partners have been waiting for this for over 10 years: Sauat Mynbayev.
09 October 2013
Photo by Yaroslav Radlovskiy© Third string of Kazakhstan-China pipeline to be launched in 2016 We currently transport over 63 billion cubic meters of gas to China via two strings of this pipeline. Construction of the third string has started and it is scheduled to be launched in 2016: Sauat Mynbayev.
08 October 2013
Shymkent oil refinery. Photo courtesy of munaigaz.kz Shymkent refinery suspended for overhaul Shymkent oil refinery has been suspended for 30 days.
08 October 2013
©Reuters/Bobby Yip Singapore, China giants 'mull Spain gas investment': report Singapore state investment giant Temasek and Chinese oil group Sinopec aim to snap up a multi-billion-euro stake in Spain's Gas Natural.
08 October 2013
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