News about Oil

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 15:15

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

12 November 2013 00:03

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

11 November 2013 16:12

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 13:18

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 14:24

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

06 November 2013 13:45

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 14:40

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

04 November 2013 20:18

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 16:56

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 22:28

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 17:07

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 21:01

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 20:22

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 11:20

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 15:32

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 13:41

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 17:14

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 14:36

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 10:52

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 14:11

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