Chinese companies to control over 40% of Kazakhstan’s oil shortly
After a large-scaled protest against alleged plans to lease out some Kazakh lands to the Chinese, the authorities try to downplay the oil issue.
Sudan, South Sudan meet to push security, oil deals
The rival presidents of Sudan and South Sudan met for face-to-face talks Saturday to push forward stalled security, oil and border deals, and discuss the fate of the contested Abyei region.
US fines Transocean $1.4 bn over Gulf oil disaster
The United States hit drilling rig operator Transocean with $1.4 billion in criminal and civil fines Thursday for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
Kazakhstan branch of Sberbank issued $60 million loan to Max Petroleum
British Max Petroleum that has assets in Kazakhstan received the first tranche of a loan from SB Sberbank JSC in the amount of $60 mln.
Oil down as euphoria over fiscal cliff deal fades
Oil prices were down in Asian trade Thursday as the initial euphoria over the fiscal cliff deal in the United States faded.
Kazakhstan prolongs oil products export ban into 2013
To prevent critical deficit and prices growth at the domestic market of oil products, Kazakhstan government decided to introduce a 6-month ban on export of oil products.
Serik Akhmetov met with head of Lukoil in Astana
The meeting covered cooperation in oil and gas, as well as implementation of joint projects in oil production.
KMG looks to increase oil and gas stock to 1 billion tons by 2022
KazMunaiGas aims to become one of the world's top 30 oil and gas companies by 2022: Samruk-Kazyna Managing Director Malik Salimgereyev.
Kazakhstan has perfect conditions for oil transit from Transneft to China
I think that Russians just don’t want to go to China: Samruk-Kazyna Managing Director.
Iraq agrees to extend oil pipeline through Jordan
Iraq and Jordan agreed on Monday to extend an oil pipeline to the Red Sea city of Aqaba for the export of Iraqi crude, Prime Minister Nuri al-Maliki said after a fleeting visit to Amman.
Judge clears BP's $7.8 bn settlement in US oil spill
British oil giant BP won US court approval Friday of a $7.8 billion settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.
Oil thieves caught in south Kazakhstan
Members of an organized criminal group stealing oil from Kumkol-Shymkent pipeline were apprehended in South-Kazakhstan oblast.
Oil spilled from pipeline in Atyrau oblast
Oil spilled from Gran-Martyshi pipeline in Issatai region of Kazakhstan’s Atyrau oblast.
Palestinian authority suspected of lobbying for Rakhat Aliyev’s relatives
US intelligence has established that Yasser Abbas worked with Devincci Hourani to pursue deals in Sudan for Caratube International Oil Company.
The region doesn't want to depend on oil: Mangistau oblast Akim
Akim of Mangistau oblast stated that the region should not depend on the oil sector.
Troubled UN climate talks spill over
UN talks seeking to slow the march of destructive global warming ran far into extra time Saturday as host Qatar sought to broker an end to the standoff between rich and poor nations on funding.
Russian shareholder drops $9 bn BP suit: report
A minority shareholder in BP's Russian joint venture TNK-BP has dropped a long-running $9.3 billion suit against the British oil giant.
90 sent to hospital after Singapore oil rig incident
About 90 workers were sent to hospital Monday after an oil rig being built at a shipyard in Singapore tilted to one side, forcing many of them to jump into the water.
Kazakhstan oil products export ban to be prolonged into 2013
According to Kazakhstan Oil and Gas Ministry, this ban will be prolonged for one year: KazMunaiGas.
Kazakhstan's Kashagan tagged world's most expensive energy project
Kashagan's development in Kazakhstan has already absorbed $116 billion, which makes the project one of the most expensive discoveries of the last 40 years.
