site.news_by_theme Oil

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
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 September 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 August 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 August 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 August 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 August 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 August 2015
'Chemical attack' descends upon Atyrau Excess hydrogen sulfide emissions in Atyrau in western Kazakhstan cause headaches and suffocation among residents.
06 August 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 July 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 July 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 July 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 July 2015
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