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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

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

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