site.news_by_theme Oil
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.
13 May 2013
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.
06 May 2013
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.
03 May 2013
China controls almost 40 percent of Kazakhstan's hydrocarbons: media
China already controls almost 40 percent of Kazakhstan’s hydrocarbon assets: Indian media.
02 May 2013
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.
29 April 2013
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.
29 April 2013
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.
29 April 2013
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.
29 April 2013
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.
29 April 2013
Venezuela threatens oil, trade measures in vote row with US
Venezuela stepped up attacks on the United States Monday, threatening retaliatory measures affecting trade and energy if Washington resorts to sanctions in a row over the country's disputed presidential election.
23 April 2013
Kazakhstan may become dependent on China-made petroleum products
Should we take into account China’s intention to enter Nursultan and Abay offshore oil projects, the share of China may exceed 50%: an expert with the Institute for Political Solutions.
23 April 2013
Kazakhstan introducing restrictions on petrol imports from Russia
The reasons behind the decision are excessive backlog of petrol at Kazakhstan-based oil refineries and the need to channel more crude to Kazakhstan-based refineries rather than to Russia.
23 April 2013
Commercial production at Kashagan to be further delayed
The postponement is due to testing of the equipment: Minister of Economic Affairs and Budget Planning
23 April 2013
EU gives oil boost to Syria rebels
Syrian rebels fighting President President Bashar al-Assad's troops won a fresh boost Monday when the European Union eased its oil embargo to let them exploit the resources they control.
23 April 2013
Kazakhstan might build fourth oil refinery
We believe that we have to start building the fourth refinery in 2016: Kazakhstan Oil Minister.
22 April 2013
EU set to help Syria's rebels by easing oil embargo
The European Union is set Monday to ease its oil embargo against Syria in favour of rebels fighting President Bashar al-Assad's regime in its latest signal of support to the opposition.
22 April 2013
Canada's rising oil production at risk if no new pipelines
North America's pipeline network must be radically redrawn with new links such as Keystone XL to meet growing Canadian oil output, or risk a blow to the country's economy.
19 April 2013
Oil tumbles for second day on slower Chinese growth
Oil prices tumbled further in Asia on Tuesday, dragged by prospects of weaker crude demand from China after data showed the world's second largest economy was not growing as fast as expected.
16 April 2013
China interested in purchasing ConocoPhillips’s stake in the giant Kashagan oilfield
According to Kazakhstan’s Oil and Gas Minister, acquiring a stake in Kashagan might be a way to boost the volume of crude to be shipped to China.
16 April 2013
Deadly attack a fresh sign of trouble in Nigerian oil region
A group of men with AK-47s lay in wait for an ex-kingpin in the Nigerian swamps before instead opening fire on police -- the latest sign of trouble in a vitally important oil region.
15 April 2013