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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

Following overhauls, Kazakhstan-based oil refineries to meet domestic demand for petrol before 2030 The overhaul of the three oil refineries [based in Pavlodar, Shymkent and Atyrau] will be completed by early 2016.

20 August 2012

Kazakhstan bans export of oil products Kazakhstan government has introduced a ban on export of several oil products for 6 months.

17 August 2012

Brent crude oil price hits three-month high Crude prices finished mixed Monday after early jumps, with Brent topping $115 a barrel before settling back for a modest gain.

14 August 2012

Japan invests in Atyrau refinery Kazakhstan's Atyrau refinery signed a loan agreement with Japan Bank for International Cooperation and Bank of Tokyo Mitsubishi UFJ for $297.5 million.

09 August 2012

S. Korea firms in talks to resume Iran oil imports South Korean oil refiners are in talks with Iran to resume oil imports, officials said Thursday, potentially by using Iranian tankers as a way to circumvent EU sanctions.

09 August 2012

Investigations of Shell's Nigeria spills a 'fiasco': Amnesty Rights group Amnesty International said Friday investigations into Shell oil spills in Nigeria were a "fiasco," alleging the company repeatedly blamed sabotage in an effort to avoid responsibility.

04 August 2012

China hits back at new US sanctions over Iran Beijing reacted furiously Wednesday to new US sanctions imposed on a Chinese bank over transactions with Iran, urging Washington to revoke them and saying it would lodge an official protest.

01 August 2012

Kazakhstan, Slovenia and China to jointly construct an oil refinery in the north of Kazakhstan The project will be implemented within the state-run program of oil refineries development in 2009-2015.

26 July 2012

Kazakhstan Central Bank’s Governor on economic prospects The worst scenario envisages measures in case the oil price hits the bottom of $40 per barrel. The Government in partnership with the National Bank have developed respective action plans, incentives to support the economy: Gregory Marchenko.

25 July 2012

Oil strikes two-year high; soya scores record high Oil prices hit two-month highs this week, driven by Federal Reserve stimulus hopes and Middle East unrest, while soyabeans soared to a record high as US supplies were hit by drought.

22 July 2012

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