Illicit trafficking in oil and oil products fuels Kazakhstan's shadow economy and provides funding to organized criminal groups, including radical religious movements: official.
"We're in a global race for jobs and investment. This is one of the most rapidly emerging countries in the world," the prime minister told the BBC in Atyrau on Monday.
Earlier it was reported that China is ready to pay threefold more than the ask price for ConocoPhillips’ stake in the giant Kashagan oilfield in the Caspian offshore.
New York oil prices sharply rebounded Monday after a leak forced the closure of Canadian pipelines, raising concerns about supply disruptions in North America.
Oil prices surged on Friday helped by a rise in Middle East worries, after Washington said it would provide military support to Syria's rebels and Iran went to the polls to elect a new president.
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.
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 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.
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.
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.