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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.

30 May 2013

Kazakhstan oil refineries may be suspended Kazakhstan oil refineries may be suspended because of a deficit of oil storage tanks.

30 May 2013

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.

29 May 2013

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.

22 May 2013

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

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