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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

Advanced oil processing center will be built in Atyrau in 2015 The 'first brick' has been laid in the foundation of the center in Atyrau refinery on Monday.

10 September 2012

Carrying capacities of Kazakhstan’s export oil pipelines to be expanded to 100 million tons a year by 2020 The current carrying capacities of all the Kazakhstan’s export oil pipelines stand at 66 million tons a year.

04 September 2012

Brazil to deploy world's first floating oil terminal Brazil's state-owned energy giant Petrobras said Tuesday it will deploy the world's first floating oil terminal capable of refueling tankers on the high seas.

29 August 2012

Fire at Venezuela oil refinery spreads A devastating fire at Venezuela's main oil refinery, which has already left 48 people dead, spread Monday to a third fuel storage tank, complicating the difficult task facing firefighters.

29 August 2012

Commercial production at giant oilfield Kashagan to start in spring 2013 The decision was taken not to start the production amidst severe winter conditions.

28 August 2012

Russia's Transneft accused Kazakhstan colleagues of dumping However, there is no information of any certain deals between Russian and Chinese companies on oil supplies.

27 August 2012

Atyrau oil refinery getting more money Atyrau oil refinery is getting another major loan for construction of its advanced oil processing center.

27 August 2012

Faded US stimulus hopes weigh on oil prices Oil prices were mixed Thursday amid fresh doubts about hoped-for US Federal Reserve stimulus and a bleaker energy demand outlook in China and Europe.

25 August 2012

Romney sees more oil drilling on US land and offshore White House hopeful Mitt Romney will unveil an energy plan that would empower US states to control drilling on federal lands.

23 August 2012

Shell paid Nigeria millions to guard oil facilities: group An oil industry watchdog said Monday that Shell paid Nigeria's military and police $65 million over two years to secure company facilities, alleging the firm had bankrolled forces widely accused of rights abuses.

22 August 2012

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