News about Oil

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.
12 June 2013 18:29
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".
12 June 2013 10:00
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.
11 June 2013 10:56
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.
06 June 2013 19:54
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.
03 June 2013 14:55
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.
01 June 2013 10:37
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.
31 May 2013 12:20
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 15:43
Kazakhstan oil refineries may be suspended Kazakhstan oil refineries may be suspended because of a deficit of oil storage tanks.
30 May 2013 15:26
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 12:05
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 18:20
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 17:54
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 12:17
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 12:45
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 18:44
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 18:13
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 17:06
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 14:19
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 13:53
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 13:33
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