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.
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.
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.
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.
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.
China controls almost 40 percent of Kazakhstan's hydrocarbons: media
China already controls almost 40 percent of Kazakhstan’s hydrocarbon assets: Indian media.
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.
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.
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.
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.
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.
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.
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.
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.
Commercial production at Kashagan to be further delayed
The postponement is due to testing of the equipment: Minister of Economic Affairs and Budget Planning
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.
Kazakhstan might build fourth oil refinery
We believe that we have to start building the fourth refinery in 2016: Kazakhstan Oil Minister.
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.
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.
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.
