Prime-Minister instructs to keep an eye on slowdown in Kazakhstan's oil production
Kazakhstan Prime-Minister Serik Akhmetov instructed Oil and Gas Minister Sauat Mynbayev to pay close attention to a slowdown in the growth rate of oil production in Kazakhstan.
US 'disappointed' by Sudan order to shut pipline
The United States said Monday an order by Sudanese President Omar al-Bashir to shut down an oil pipeline carrying South Sudanese crude was "deeply disappointing".
Sudan freezes oil and security deals with South
Sudan on Sunday put on hold nine security and economic pacts with South Sudan, including on vital oil shipments, but said Khartoum remained committed to good relations if Juba ended support for rebels.
Oil flowing from abandoned well in Atyrau oblast
An oil spill of 600 square meters was discovered near an abandoned well at Saryshagul-4 section in Kurmangazy region.
Pavlodar refinery lowers oil processing target for 2013
Pavlodar oil chemical plant has lowered its oil processing target plan for 2013 from 5.2 million tons to 4.8 million tons.
New York oil rises despite record US supplies
Oil prices rallied in New York Thursday despite US stockpiles hitting a fresh all-time high, while Brent slipped.
OPEC set to hold oil output ceiling again
The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand.
US fines Total $398 mn over bribes in Iran
French oil giant Total agreed Wednesday to pay US authorities $398.2 million to settle charges that it bribed officials in Iran to secure oil and gas concessions.
Kazakhstan oil refineries may be suspended
Kazakhstan oil refineries may be suspended because of a deficit of oil storage tanks.
Japan, Russia to jointly develop oilfield
Japan and Russia on Wednesday signed a deal that will see them jointly explore and develop a potentially lucrative oil and gas field off Russia's Far East coast.
EU leaders look to energy for growth boost
EU leaders, desperate to give growth a boost, target energy policy Wednesday amid concerns a US-led revolution in shale oil and gas development will reshape the global economy and leave Europe far behind.
Romania, Kazakh oil firm settle debt dispute
Romania and the Kazakh oil company KazMunayGaz have settled their dispute over a 500-million-euro ($658-million) debt and pledged to invest together in energy projects.
First commercial oil at Kashagan to be produced by July 6
The country’s Oil and Gas Ministry has been pressing the project’s operator to have the first oil secured by the capital city’s birthday.
Oil takes breather in Asia after strong rally
Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.
China controls almost 40 percent of Kazakhstan's hydrocarbons: media
China already controls almost 40 percent of Kazakhstan’s hydrocarbon assets: Indian media.
600 hectares covered with oil wastes in Mangistau oblast
2.2 million tons of oil wastes are spread over 600 hectares of land of Mangistau oblast in western Kazakhstan.
China’s companies haven’t turned to Kazakhstan with offers to buy into Abay and Nursultan oil blocks
KazTAG earlier reported, Chinese state and private companies are nearing the finish line in procurement of stakes in Kashagan project, Nursultan and Abai blocks, according to an informed source in Beijing.
No 3rd stage at Karachaganak giant oil and gas field
The measure enables to extract another 100 million tons of crude for the whole period of the project (…) it is quite a sizeable figure: KazMunaiGas National Oil Company’s Chairman of the Board Lyazzat Kiinov.
Plans are there to produce 1.5-3 million tons of oil at Kashagan this year
Earlier Tengrinews.kz reported, citing the country’s Minister of Economic Affairs and Budget Planning Erbolat Dossayev, that the start of commercial production at Kashagan might be further delayed.
Kazakhstan isn’t interested in boosting its share in Kashagan oilfield
We are content with the 16.8% we have in the project: KazMunaiGas National Oil Company’s Chairman of the Board Lyazzat Kiinov.