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EP KazMunaiGas produced 6 million tons of oil in 6 months The production results are 354 thousand tons (4 percent) less than in the same period of 2011.

18 July 2012

Naftogas and Rompetrol to build 700 petrol stations in Ukraine Naftogaz of Ukraine and Rompetrol signed a memorandum of intent to create a joint company for oil products marketing in Ukraine.

17 July 2012

South Korea mulls offer of Iranian tankers Seoul is considering an offer by Tehran to send crude on Iranian tankers to South Korea, officials said Friday, as a way to circumvent EU sanctions and resume imports of oil from Iran.

14 July 2012

Kazakhstan and Belarus to agree on crude and petroleum products exports According to Belarus Ambassador to Kazakhstan, “the document is rather complicated: it has to be approved by the Russian side as oil will be shipped across Russia”.

11 July 2012

Brent below $100 as Norway strike ends Brent crude fell below $100 in Asia Tuesday, hours after a Norwegian crude supply disruption due to an oil workers' strike was ended by the government.

10 July 2012

Kazakhstan will squeeze oil from sand and clay Kazakhstan scientists have invented a new technology of oil extraction from sand and clay.

08 July 2012

Nigeria signs $4.5 billion refinery deal with US energy firm Nigeria on Monday signed a Memorandum of Understanding with an American energy firm to build six oil refineries, in a project worth 4.5 billion dollars.

04 July 2012

Kazakhstan will start making oil from coal Kazakhstan scientists have developed a new technology of oil production from coal.

28 June 2012

Kazakhstan completes acquisition of a 10% stake in Karachaganak As a result of the deal the ownership structure looks as follows: BG Group holds 29.25%, Eni 29.25%, Chevron 18%, LUKOIL 13.5%, with the Kazakhstan Government holding the other 10%.

28 June 2012

President Nazarbayev called KazMunaiGas to improve analysis and forecasts KazMunaiGas oil and condensed gas production in 2011 totaled 21.1 million tons. Plans are to produce 21.9 million tons in 2012.

27 June 2012

Kazakhstan almost caught up with United States in fuel prices Kazakhstan's fuel prices are approaching the ones in the U.S.

26 June 2012

Fuel prices to go down in Kazakhstan on July 1 Kazakhstan is set to drop its fuel prices.

26 June 2012

Marchenko believes fuel prices drop possible Head of Kazakhstan National Bank believes that the fuel prices in Kazakhstan have to go down amid the global oil prices drop.

26 June 2012

Second and third phases of Kashagan development will start on time The second and third phases of the project will start on time and the profitability of the field time-wise is estimated until 2112: KazMunaiGas.

18 June 2012

KazMunaiGas calculates profits from oil dispatches via Romanian marine terminal Having created a direct link between the terminal and refinery we have optimized the oil supply process and significantly decreased technological losses and costs: KMG.

13 June 2012

China allocates over $1 billion for construction of advanced oil processing center in Atyrau The loan agreement between Export-Import Bank of China EXIM and Atyrau Refinery was signed in Beijing on June 6, 2012.

11 June 2012

Kazakhstan hopes Russian oil supplies to one of its three refineries will be resumed by July Late May Russia’s Transneft reduced oil supplies to the Pavlodar-based oil refinery twofold. Originally the oil refinery was designed to process only Russia’s oil.

05 June 2012

Kazakhstan to turn to oil tolling schemes to tackle petrol shortages Upon adopting respective amendments, Kazakhstan will be able to supply about 1.5 million tons of oil a year to China-based oil refineries for processing within oil tolling schemes.

05 June 2012

Commercial production at Kashagan to start between December 2012 and June 2013 Among other things, the sides have agreed to finance KazMunaiGas’ share of investments in 2012-2013 out of the consortium’s funds.

23 May 2012

Total suggests an integrated logistics platform at the Caspian Sea to cater to all oil and gas operators in the region Total has been operating in Kazakhstan since 1993.

23 May 2012

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