News about Oil

Chevron assets frozen in Argentina over Ecuador case An Argentine judge froze Chevron's local assets Wednesday at the request of a court in Ecuador where the US oil giant has been ordered to pay $19 billion in environmental damages.

09 November 2012 10:40

Kazakhstan-China oil pipeline will operate at full stream by 2014 Commercial talks are underway between China and Kazakhstan: KazTransOil head.

06 November 2012 16:47

Middle East oil disruptions to hit Asia first: IEA Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand surges, the International Energy Agency said Monday.

22 October 2012 13:58

Libya economy boosted by oil pending reconstruction Libya's economy has made a swift recovery after the 2011 conflict, with oil production returning to near normal levels: but insecurity is holding up reconstruction and keeping foreign companies at bay.

20 October 2012 10:44

Accident at Atyrau refinery will not cause oil products shortages No deficiency of oil products is expected in Kazakhstan, in spite of the accident at Atyrau oil definery.

17 October 2012 16:31

Conference seeks to curb exploitation of high seas Long spared because of their remoteness, the high seas have become an important hunting ground for fish trawlers and oil prospectors, putting at risk many marine species that call these waters home.

17 October 2012 14:32

Prestige oil disaster trial starts in Spain Seamen go on trial Tuesday over the sinking of the Prestige petrol tanker which spilt a devastating oil slick when it sank off Spain in 2002, with hundreds of plaintiffs seeking billions in damages.

16 October 2012 10:01

Atyrau oil refinery suspends petrol production An accident happened on October 6 in the furnace of the catalytic reforming block of LG 35-11/300-95 unit of the Kazakhstan refinery.

15 October 2012 13:51

Kazakhstan's oil export profits unveiled Kazakhstan exported 40.1 million tons of crude oil and gas condensate in January-July 2012.

15 October 2012 12:30

Malaysian company wants to tap Kazakhstan's oil Sumatec Resources plans to enter Rakushechnoe field in Kazakhstan.

11 October 2012 17:49

Kazakhstan may host World Petroleum Congress in 2017 Kazakhstan has good chances of holding the World Petroleum Congress in Astana in 2017: WPC president.

09 October 2012 14:52

Production costs will drive oil and gas prices up Head of the World Petroleum Council Renato Bertani believes that oil and gas prices will keep growing from year to year.

09 October 2012 14:19

Finland is interested in Kazakhstan's oil and gas Finland’s Minister of Foreign Trade Alexander Stubb arrived in Kazakhstan with a delegation of entrepreneurs.

09 October 2012 12:56

Russia against oil supplies to China across Kazakhstan at current export duty rate According to Russia’s Izvestiya newspaper, further implementation of the current taxation scheme may lead to Russia missing out on tax revenues of up to $ 1 billion a year.

08 October 2012 15:10

KazMunaiGas' prospects remain optimistic even in pessimistic scenario Production of oil and gas condensate will grow 1.6-fold in Kazakhstan by 2022: KazMunaiGas chairman.

03 October 2012 15:21

Oil Minister on oil transportation routes The Minister doesn’t rule out shipments of Kazakh oil via the Baku – Tbilissi – Ceyhan oil pipeline in future.

03 October 2012 12:31

Kazakhstan will wait for cheaper alternative energy Timur Kulibayev suggested to wait until wind and solar energy generation becomes cheaper.

03 October 2012 12:30

KazMunaiGas to invest over $6 billion in refineries modernization Reconstruction and modernization of Kazakhstan’s oil refineries is the most important priority in development of the sector and our economy: KazMunaiGas chairman.

03 October 2012 12:06

Nazarbayev discussed development of Kashagan and Karachaganak fields with Eni Kazakhstan President Nursultan Nazarbayev met with Eni's CEO Paolo Scaroni.

03 October 2012 11:57

Kazakhstan Oil and Gas Minister on status of major oil projects Speaking at the 7th Eurasian forum KAZENERGY, Sauat Mynbayev noted that Kashagan is expected to bring profits in 2013.

03 October 2012 09:06

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