Oil refineries will not be suspended during the modernization: Oil and Gas Minister
The Minister elaborated that in 2020 the Ministry plans to start constructing a 4th oil refinery given the projected demand in 2025.
Foreigners can pump $20 billion out of Kazakh oil fields
Foreign professionals will be able to earn $15-20 billion in 7-9 years working on development of major oil fields of Kazakhstan.
Kazakhstan government updated strategic fields list
Kazakhstan Government has updated the list of the fields of strategic importance.
Kazakhstan still expects first oil at Kashagan before the end of 2012
According to KMG, the Company plans to invest $8 billion into the project before 2014, with the total of investments into a range of projects standing at $20 billion.
KazMunaiGas National Oil and Gas Company to join the top 30 global oil majors by 2022
As of now the Company is among the top 50 global oil and gas companies.
Mega training project will be launched for Kashagan in Aktau
An internationally certified training facility for oil workers is going to be built in Aktau to meet the develop of the nearby offshore fields.
Oil-producing companies will pay 400 million tenge in fines: Kazakhstan Oil and Gas Ministry
The list of penalized companies will be published on the website of the Oil and Gas Ministry in the beginning of April.
Hyundai Marubeni of Japan to finance modernization of the Pavlodar-based oil refinery
The actual construction is to start in 2013 and complete by the Q4 2015.
Russia will supply gas to central Kazakhstan
A gas pipeline will be built from Kostanai oblast going through Kokshetau and to Astana.
Stake in Karachaganak will bring $5 billion to Kazakhstan by 2037
Kazakhstan's 10-percent stake in KPO will generate an additional profit of $3.3-5 billion: Oil and Gas Minister.
BP reaches $7.8 bln partial settlement in US oil spill trial
BP said Friday it reached a $7.8 billion deal to settle claims from fishermen and other private claimants affected by the Gulf of Mexico oil spill ahead of the start of a blockbuster US trial.
Recoverable oil reserves in Kazakhstan to last for 50-60 years
The figure may be increased from the current 5.3 to 17 billion tons through geological exploration works.
We may get back to constructing fourth oil refinery to accommodate Kashagan oil: PM Massimov
As of today, Kazakhstan-based refineries process a bit over 13 million tons a year. Plans are there to increase oil processing up to 17.5 million tons by 2015.
Russia to send its oil to Kazakhstan duty free before 2014
After 2014 the two nations will be relying on swap operations: Samruk Kazyna Sovereign Wealth Fund Head Umirzak Shukeev.
Gazprom Neft buys Kazakhstan fuel stations firm
Management of Gazprom Neft made a decision to approve the purchase of 100-percent stake in Kazakhstan’s Sanol Invest.
Head of Samruk-Kazyna met with head of Gazprom
The head of Samruk-Kazyna National Welfare Fund met with the head of Gazprom.
Import of Russian oil products will be same as in 2011: Mynbayev
Import of oil products from Russia to Kazakhstan will remain at the level of 2011.
Kazakhstan ranked 16th among oil producing nations
The list comprising a total of 44 nations experts with RIA Analitika think tank, based on OPEC data on average daily production.
Kazakhstan beat Russia in petrol prices
2011 petrol prices trends in European and CIS countries analyzed by the Center for Economic Research RIA-Analitika.