News about Oil

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
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
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
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
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
Malaysian company wants to tap Kazakhstan's oil Sumatec Resources plans to enter Rakushechnoe field in Kazakhstan.
11 October 2012
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
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
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
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
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
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
Kazakhstan will wait for cheaper alternative energy Timur Kulibayev suggested to wait until wind and solar energy generation becomes cheaper.
03 October 2012
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
Nazarbayev discussed development of Kashagan and Karachaganak fields with Eni Kazakhstan President Nursultan Nazarbayev met with Eni's CEO Paolo Scaroni.
03 October 2012
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
ConocoPhillips might exit the Kashagan project: Oil Minister The Minister elaborated that “no official announcements have been made”.
02 October 2012
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
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