site.news_by_theme Oil
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 сентября 2015
Petrol follows tenge in free float: Kazakhstan government stops regulating prices
After the announcement that Kazakhstan governoment was stopping price regulation for petrol, prices spiked throughout Kazakhstan.
05 сентября 2015
Oil prices will continue falling: Kazakh economist
Kazakhstani economist Vladimir Telnov predicts that global oil prices will continue falling in the next 5 to 15 years.
26 августа 2015
Nazarbayev urges exporters to sell dollars at home
After the devaluation of the Kazakh national currency tenge, Kazakhstan president asked exporters to sell dollars at the domestic market.
24 августа 2015
Russia’s LUKOIL sells 50% in Caspian Investments Resources Ltd. to China’s Sinoptec
Caspian Investments Resources Ltd. is developing five oil field in Kazakhstan, notably Alibekmola, Kozhassai in Aktyubinsk oblast, Karakuduk, Severny Buzachi and Arman in Mangistau oblast.
21 августа 2015
Mass axing of oil worker taking place in Aktobe
Kazakh-Chinese oil company Velikaya Stena in Aktobe in Kazakhstan's west is laying off many workers.
13 августа 2015
Karachaganak Petroleum Operating fined for improper storage of waste
Karachaganak Petroleum Operating has been fined for improper storage of 64.22 tons of liquid waste at Karachaganak field.
13 августа 2015
'Chemical attack' descends upon Atyrau
Excess hydrogen sulfide emissions in Atyrau in western Kazakhstan cause headaches and suffocation among residents.
06 августа 2015
Next oil refinery in Kazakhstan to be built together with Iran
Deputy Akim of Kazakhstan's Mangistau Oblast declared that the fourth oil refinery in Kazakhstan would be built in cooperation with Iran.
21 июля 2015
Experts comment on Kazakh National Bank expanding tenge-dollar pegged corridor
Experts comment on the latest expansion of the tenge to dollar exchange rate pegged corridor in Kazakhstan.
16 июля 2015
Kazakhstan in 10 World’s Worst Performers in Economy: Bloomberg
Kazakhstan ended up in the 10 World’s Worst Performers in Economy compiled by Bloomberg.
14 июля 2015
KazMunayGas to sell half of its Kashagan share to Samruk-Kazyna
KazMunayGas JCS (KMG) is selling 50% of the company’s share in Kashagan to the National Welfare Fund Samruk-Kazyna of Kazakhstan for almost $4.7 billion.
03 июля 2015
Brazil's Petrobras slashes multi-year investment plan
Brazil's state oil giant Petrobras slashed its five-year investment plan by a whopping 77 billion dollars -- as it tries to recover from a massive corruption scandal.
30 июня 2015
Kazakhstan will not be compensating for expenses to replace pipes at Kashagan: Prime Minister
Commercial production at Kashagan started September 11, 2013. However, it was suspended 2 weeks later due to a gas leakage. The production process was resumed shortly. However, another leakage was detected in October.
17 июня 2015
OPEC unlikely to lose oil influence to US shale: analysts
OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale.
07 июня 2015
OPEC expected to keep status quo on oil output
OPEC ministers gather for an eagerly awaited meeting which is widely expected to leave its output levels unchanged, despite the recent oil price collapse and global oversupply.
05 июня 2015
Venezuela seeks allies outside OPEC to steady oil prices
Latin American crude producer Venezuela, struggling to cope with sharply lower oil prices, is seeking support outside OPEC to stabilise the market.
03 июня 2015
Saudi oil minister says OPEC strategy working
OPEC's strategy of not cutting production in order to maintain market share is working, Saudi Arabia's oil minister said.
02 июня 2015
Gasoline prices rise in Kazakhstan
Caps on gasoline prices have been raised in Kazakhstan.
31 мая 2015
Economic slowdown expected in Central Asia in 2015: IMF
The newly published IMF report on economic prospects of the Caucasus and Central Asia is not very optimistic.
29 мая 2015