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Commercial production at Kashagan will not benefit Kazakhstan: industry source “The cost of all the project works was bloated several times, which is by billions of US Dollars”, according to the source.

19 August 2013

India, Iran looking to resolve oil tanker dispute New Delhi and Tehran were Saturday working to resolve a dispute over the detention of an Indian oil tanker by Iranian naval guards for allegedly polluting sea waters in the Persian Gulf.

18 August 2013

Indonesia anti-graft body arrests energy watchdog chief Indonesia's anti-corruption agency has arrested the head of the country's upstream oil and gas regulator over allegations of bribery.

14 August 2013

Tank farms of all three Kazakhstan refineries full to gills: media The ban on export of oil products introduced by the Kazakhstan government has resulted in the local refineries overstocking their tank farms with products.

13 August 2013

China set to become world's biggest net oil importer China is set to overtake the United States to become the world's largest net oil importer from October, according to US figures.

13 August 2013

Mexico proposes opening oil sector to foreign firms Mexico's President Enrique Pena Nieto proposed sweeping reforms of the country's oil sector Monday that would allow foreign energy firms back into the industry 75 years after being thrown out.

13 August 2013

Lightning strike sparks Venezuela oil refinery blaze A lightning bolt ignited fuel at an oil refinery east of Caracas on Sunday, sending giant columns of black smoke into the sky and forcing hundreds to evacuate.

12 August 2013

Philippines works to contain huge diesel spill Philippine authorities said they were working Saturday to contain a huge diesel spill that shut down parts of Manila Bay's vital fishing industry.

11 August 2013

China industrial data helps oil rebound Oil prices charged back Friday after falling for five straight sessions, helped by stronger-than-expected numbers on Chinese industrial output in July.

11 August 2013

Philippine oil spill turns Manila Bay red A diesel oil spill spread a large reddish stain over Manila Bay in the Philippines' capital on Friday, posing potential health and environmental hazards.

10 August 2013

Yemen says Qaeda plotted to take hostages at oil port Yemen said Wednesday it had foiled an Al-Qaeda plot to storm a Western-run oil terminal and seize a port city, as a terror alert kept US Middle East missions closed.

08 August 2013

Oil reserves at new Kazakhstan's field estimated at 880 million barrels Preliminary results of geological exploration of the new Kazakhstan oil field have showed the total anticipated reserves of around 120 million tons (880 million barrels).

07 August 2013

We have stricken oil: Oil and Gas Minister The Minister briefed President Nazarbayev on drilling works at Zhambyl block in the Caspian offshore.

05 August 2013

Pavlodar-based oil refinery lowering its earlier announced capabilities The project to modernize the oil refinery is estimated at $1.07 billion. The Company plans to spend about $300 million to purchase equipment this year.

30 July 2013

Colombia's largest oil pipeline attacked Colombia's largest oil pipeline was hit by an explosion causing a significant oil spill in an attack blamed on leftist guerrillas.

30 July 2013

France promises Malaysia no palm oil 'discrimination' French Prime Minister Jean-Marc Ayrault assured Malaysia that European rules on declaring product ingredients would not "discriminate" against palm oil.

30 July 2013

Oil slips after China orders industrial capacity cuts World oil prices slipped on Friday after China ordered industrial production capacity cuts in the face of slowing economic growth.

27 July 2013

Kashagan to affect oil prices in 2 years Commercial production at Kashagan field may put some pressure on the oil prices, but in only the long run.

26 July 2013

Halliburton admits destroying US oil disaster evidence Halliburton Energy Services has admitted destroying evidence relating to the devastating 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.

26 July 2013

Kazakhstan suggests mixing Kashagan and Russian oil Kazakhstan has suggested TransNeft to consider transporting oil from Kashagan field via Atyrau-Samara pipeline.

24 July 2013

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