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.
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.
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.
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.
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.
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.
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.
The ban on export of oil products introduced by the Kazakhstan government has resulted in the local refineries overstocking their tank farms with products.
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.
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.