site.news_by_theme Oil
Indonesia supports Astana's bid to host World Petroleum Congress
Indonesia is ready to support Kazakhstan’s bid to host the World Petroleum Congress in 2017 in Astana.
10 September 2013
Kazakhstan’s President suggests working out an effective system to manage the country’s hydrocarbons
By 2050 the share of alternative sources should be brought up to 50% (…) Kazakhstan does have all the prerequisites for that, he believes.
10 September 2013
Oil production at the giant Kashagan oilfield is to start in the nearest days
Earlier the country’s media reported that the oil production was to start September 9.
10 September 2013
Oil prices slide from Syria-fuelled highs
Oil prices lost support Monday after hitting 28-month highs over fears of fallout from a possible US military attack on Syria for its alleged use of chemical weapons.
10 September 2013
Oil production at the giant Kashagan oilfield to start September 9
Commercial production may start as early as before October 1: KazMunaiGas Head Sauat Mynbayev.
08 September 2013
Kazakhstan and China agree on construction of an oil refinery
At the sitting of the Kazakh-Chinese Business Council the two sides signed contracts worth over $22 billion, according to Umirzak Shukeev, Head of Samruk Kazyna Sovereign Wealth Fund.
08 September 2013
Kazakhstan and China agree on sales of 8.4% in Kashagan to China’s CNPC
The agreement is welcomed and supported by the two governments: China’s President Xi Jinping.
08 September 2013
Oil hits 28-month high in US on Syria tensions
Crude-oil prices surged higher Friday amid US-Russia tensions over a potential military strike on Syria, pushing the US contract to a 28-month high.
07 September 2013
MangistauMunaiGas to drill five wells for bitumen plant
Drilling of five new wells by MangistauMunaiGas in Kalamkas and Zhetybai fields is probably related to demand for new supplies to the bitumen plant in Aktau: expert.
06 September 2013
Caspian Consortium exports 22 million tons of oil
Major oil exporter from Kazakhstan and Russian, Caspian Pipeline Consortium (CPC), has exported 21.7 million tons of oil in January-August 2013.
04 September 2013
Oil down as Obama seeks Congress approval on Syria
Oil prices fell in Asian trade Monday after US President Barack Obama's announcement that he would seek approval from lawmakers for military action against Syria eased prospects of an imminent strike.
02 September 2013
Energy sector leads US stocks gains amid Syria jitters
US stocks rebounded Wednesday led by energy companies benefiting from an oil price spike, as the West mulls a possible punitive attack against Syria for its alleged chemical weapons use.
29 August 2013
Oil production output in Kazakhstan to reach 110 million tons in 2018
As was reported earlier, the country’s Oil and Gas Ministry slashed the estimated crude and condensed gas production figures to 2016.
28 August 2013
Greenpeace protests Shell Arctic drilling at Belgian GP
Greenpeace activists paraglided to the top of the main stand of the Belgian Grand Prix on Sunday to protest against drilling in the Arctic by the race's main sponsor, the Shell oil giant.
26 August 2013
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