site.news_by_theme Oil
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
Nazarbayev set new terms for use of oil and gas fields
Nursultan Nazarbayev offered foreign oil and gas companies to develop Kazakhstan’s alternative economy in repayment for rights to develop natural resources.
23 May 2012
Russia halved oil supplies to Pavlodar refinery
Normally monthly supplies made around 500 thousand tons. A little over 270 thousand tons will be supplied from Russia in May: speaker.
21 May 2012
In the wake of reduced Russia’s oil supplies to Pavlodar refinery
Kazakhstan hopes to regulate all the debatable issues after forthcoming appointments in the Russian Government: Oil and Gas Minister.
21 May 2012
CPC expansion project to be completed in time: Oil and Gas Minister
Back in 2010 the CPC shipped a total of 34.9 million tons of oil, including 28.4 million tons of Kazakh oil.
21 May 2012
Pilot oil production at Kashagan to start by year end
Everything will be completed and pilot exploitation will start by the end of the year: KazMunaiGas chairman.
17 May 2012
Financial police to investigate into bribe allegations over Kashagan
Early May Сorriere della Sera, an Italian newspaper, ran a material that Milan Prosecutor Office reportedly suspects Eni of bribing at the time of signing the deal on development of the Kashagan oilfield.
17 May 2012
KazMunaiGas and LUKOIL to sign cooperation agreements
The memorandum of understanding and cooperation agreements will be signed between KazMunaiGas and LUKOIL.
16 May 2012