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Putin says agreement sealed with Russian oil firms to freeze output Russian President Vladimir Putin said Wednesday that he had sealed a pact with the country's oil majors to freeze production.

03 March 2016

Tenge slides 100% in 5 months; what next for Kazakhstan? Amid falling oil prices and tenge exchange rate fluctuations, experts are wary to predict Kazakhstan's future.

22 January 2016

Iran boosts oil production by 500K, condemns new sanctions Iran announced a major boost in oil production on Monday after the lifting of sanctions under its nuclear deal.

19 January 2016

Kazakhstan National Bank explains tenge depreciation and equilibrium rate Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan

28 December 2015

Inflation in Kazakhstan nears 13%, central bank admits Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.

28 December 2015

Turkish Internet servers reeling under huge cyber attack Turkish Internet servers are suffering a powerful cyber attack from abroad, slowing banking services and fanning fears.

25 December 2015

Oil price slump forces Azerbaijan to stop propping up currency Energy-rich Azerbaijan, whose economy has been hit hard by falling oil prices, withdrew support Monday for its embattled currency and the manat plunged by nearly a third against the dollar.

22 December 2015

Brent hits 11-year low as oil extends slide on glut worries European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.

21 December 2015

Gulf monarchs seek united front at annual summit Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates face regional divisions, but will struggle to find common ground.

09 December 2015

Kazakhstan's national companies face major restructuring Kazakhstani national companies will soon be facing a major restructuring.

25 November 2015

Kazakhstan revises 2015 inflation rate forecast Minister of National Economy Yerbolat Dossayev announced the increase of inflation corridor from 6-8 percent to 8-10 percent for 2015.

23 November 2015

Standard & Poors no longer takes Kashagan into account when assigning ratings to Kazakhstan The project is likely to be regarded as ad addition to the current economic growth model that has been recently shaped: S&P’s Associate Director Karen Vartapetov.

20 October 2015

Iran and China to join construction of Kazakhstan's oil refinery Kazakhstan is to construct its fourth oil refinery in cooperation with Iran and China.

17 October 2015

OPEC chief confident of a balanced oil market in 2016 OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing.

12 October 2015

Kazakhstan mulling privatization of oil refineries Oil production in Kazakhstan in 2014 stood at 73.7 million tons. The three Kazakhstan-based oil refineries produced a total of 3.02 million tons of petrol.

02 October 2015

Optimistic forecasts for Kazakhstani oil sector: 10th KazEnergy Forum 10th Eurasian KazEnergy Forum has gathered 2000 participants for three days in Kazakhstana's Astana city.

01 October 2015

New CEO appointed at Kazmunaigas EP Kurmangazy Iskaziev has been appointed the new General Director (CEO) of the Kazmunaigas Exploration and Production

29 September 2015

Clinton stands against controversial Keystone pipeline After declining for months to announce her position on a major Canada-to-US oil pipeline, Democratic presidential hopeful Hillary Clinton said Tuesday that she is opposed to the controversial project.

23 September 2015

CEO of KazMunayGas Exploration Production resigns General Director of KazMunayGas Exploration Production JSC (KMG EP) Abat Nurseitov has resigned from his post.

10 September 2015

Kazakhstan still planning to resume production at Kashagan late 2016 Kashagan oil project in the Caspian offshore will be economically viable with oil rices standing at $100 per barrel, a Tengrinews.kz journalist reported earlier, citing Sauat Mynbayev, KazMunaiGas Chairman of the Board.

09 September 2015

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