News about Oil

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
ConocoPhillips might exit the Kashagan project: Oil Minister The Minister elaborated that “no official announcements have been made”.
02 October 2012 18:03
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 14:13
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 14:59
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 19:24
Hopes mount for deal as Sudan, South Sudan leaders meet The leaders of Sudan and South Sudan met late Sunday as international pressure grew to end long-running disputes that have brought the former civil war foes to the brink of renewed conflict.
24 September 2012 16:57
Astana to host World Petroleum Council meeting First Petroleum Council will be held during 7th Eurasian Forum KAZENERGY in Astana.
20 September 2012 17:31
Iraq oil growth slowing would be 'bad news': IEA economist The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world.
18 September 2012 11:07
Oil prices hit four-month peaks on Fed stimulus Global oil prices soared Thursday to new four-month highs, as the US Federal Reserve announced a new round of quantitative easing to stimulate the flagging economy.
14 September 2012 19:10
Kazakhstan and South Korea to jointly explore Zhambyl oilfield in Kazakhstan’s Caspian offshore The two sides will start constructing the gas processing and chemicals producing facility in Atyrau ahead of schedule
13 September 2012 15:50
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