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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.

04 March 2012

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.

02 March 2012

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.

29 February 2012

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.

27 February 2012

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.

22 February 2012

Head of Samruk-Kazyna met with head of Gazprom The head of Samruk-Kazyna National Welfare Fund met with the head of Gazprom.

21 February 2012

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.

21 February 2012

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.

16 February 2012

Kazakhstan beat Russia in petrol prices 2011 petrol prices trends in European and CIS countries analyzed by the Center for Economic Research RIA-Analitika.

13 February 2012

Phase one of gas processing plant in Karachaganak to be put in operation in 2019 KazMunaiGas evaluates the construction costs of gas processing plant in Karachaganak at 3.7 billion dollars.

13 February 2012

A possible oil spill at Kashagan could be compared to the Mexican Gulf disaster: Environment Minister The oilfield lies some 4,200 meters below the shallow waters of the northern part of the Caspian Sea and is highly pressured (770 bar of initial pressure).

10 February 2012

Shymkent oil refinery back to work Oil heating furnace that went on fire at Shymkent oil refinery on February 6 is back to work now.

07 February 2012

Burning crude oil caused fire at Shymkent refinery Burning of crude oil in one of the shops caused fire at Shymkent oil refinery.

07 February 2012

American companies respect Kazakhstan's ambition to increase its stakes in oil fields Kazakhstan delegation met with representatives of the U.S. business community in Washington to discuss oil stakes, investments and relations with China and Russia.

02 February 2012

KazMunaiGas announces oil production plans Earlier Kazakhstan’s Minister of Oil and Gas Sauat Mynbayev reported that Kazakhstan planned to produce a total of 83 million tons of oil and condensed gas.

02 February 2012

Pavlodar petrochemical plant will add 6.3 billion tenge to the city’s budget Kazakhstan’s largest petroleum refining plant: plans for 2012.

31 January 2012

Aviation fuel shortages explained Production of kerosene has come to normal. No shortages can be seen. In January a total of 32 500 tons have been produced.

18 January 2012

KMG EP launches two new enterprises in Aktau and Zhanaozen The two oil service companies are in the process of state registration, but have already employed 1710 earlier fired oilmen: Company’s Director General Alik Aidarbayev.

17 January 2012

Attempt of oil theft eradicated in Kyzylorda oblast An attempt of oil theft has been eradicated in Kyzylorda oblast recently.

12 January 2012

KMG EP announces 2011 oil production output results Oil production output in 2012 is expected at 13 065 000 tons (265 000 barrels a day), 6% up against 2011.

09 January 2012

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