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Production costs will drive oil and gas prices up Head of the World Petroleum Council Renato Bertani believes that oil and gas prices will keep growing from year to year.

09 October 2012

Finland is interested in Kazakhstan's oil and gas Finland’s Minister of Foreign Trade Alexander Stubb arrived in Kazakhstan with a delegation of entrepreneurs.

09 October 2012

Russia against oil supplies to China across Kazakhstan at current export duty rate According to Russia’s Izvestiya newspaper, further implementation of the current taxation scheme may lead to Russia missing out on tax revenues of up to $ 1 billion a year.

08 October 2012

KazMunaiGas' prospects remain optimistic even in pessimistic scenario Production of oil and gas condensate will grow 1.6-fold in Kazakhstan by 2022: KazMunaiGas chairman.

03 October 2012

Oil Minister on oil transportation routes The Minister doesn’t rule out shipments of Kazakh oil via the Baku – Tbilissi – Ceyhan oil pipeline in future.

03 October 2012

Kazakhstan will wait for cheaper alternative energy Timur Kulibayev suggested to wait until wind and solar energy generation becomes cheaper.

03 October 2012

KazMunaiGas to invest over $6 billion in refineries modernization Reconstruction and modernization of Kazakhstan’s oil refineries is the most important priority in development of the sector and our economy: KazMunaiGas chairman.

03 October 2012

Nazarbayev discussed development of Kashagan and Karachaganak fields with Eni Kazakhstan President Nursultan Nazarbayev met with Eni's CEO Paolo Scaroni.

03 October 2012

Kazakhstan Oil and Gas Minister on status of major oil projects Speaking at the 7th Eurasian forum KAZENERGY, Sauat Mynbayev noted that Kashagan is expected to bring profits in 2013.

03 October 2012

ConocoPhillips might exit the Kashagan project: Oil Minister The Minister elaborated that “no official announcements have been made”.

02 October 2012

Rompetrol fully switched to Euro-5 fuel production Rompetrol has successfully completed modernization of Petromidia oil refinery and switched to production of Euro-5 fuel.

02 October 2012

Chevron pays $17.5 mn fine for Brazil spill US oil firm Chevron has paid a $17.5 million fine for a major spill off Rio de Janeiro state last year, Brazilian authorities said Thursday.

30 September 2012

Nazarbayev wants clear and definite solutions for oil and gas sector Nursultan Nazarbayev has held a meeting on development of oil and gas sector in Kazakhstan.

27 September 2012

Hopes mount for deal as Sudan, South Sudan leaders meet The leaders of Sudan and South Sudan met late Sunday as international pressure grew to end long-running disputes that have brought the former civil war foes to the brink of renewed conflict.

24 September 2012

Astana to host World Petroleum Council meeting First Petroleum Council will be held during 7th Eurasian Forum KAZENERGY in Astana.

20 September 2012

Iraq oil growth slowing would be 'bad news': IEA economist The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world.

18 September 2012

Oil prices hit four-month peaks on Fed stimulus Global oil prices soared Thursday to new four-month highs, as the US Federal Reserve announced a new round of quantitative easing to stimulate the flagging economy.

14 September 2012

Kazakhstan and South Korea to jointly explore Zhambyl oilfield in Kazakhstan’s Caspian offshore The two sides will start constructing the gas processing and chemicals producing facility in Atyrau ahead of schedule

13 September 2012

Vietnam may join Kazakhstan in oil production A memorandum of understanding was signed by KazMunaiGas and PetroVietnam.

11 September 2012

2013 production of crude and condensed gas forecasted at 82 million tons In 2011 Kazakhstan produced 80 million tons of crude and condensed gas; plans are there to produce 81 million tons this year.

11 September 2012

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