News about Oil

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

Fuel prices will remain the same in January 2012 in Kazakhstan Fuel prices will not change in January 2012.

02 January 2012

Oil workers fired in Zhanaozed and Aktau offered jobs in future drilling company Participants of a blog-tour met with the chairman of EP KazMunaiGas Alik Aidarbayev.

26 December 2011

“Civil Alliance of Kazakhstan:” instigators of Zhanaozen unrest are not among oil workers The chair of the board of the Civil Alliance of Kazakhstan Solovyeova argues that although some oil workers on strike followed the unrest organizers, they could not have plotted it.

26 December 2011

Nazarbayev: rioters in Zhanaozen were paid 20,000 tenge each During his visit to Zhanaozen, the President promised that instigators of riots in Zhanaozen will be found and punished.

24 December 2011

KazMunayGas has a new head Lyazzat Kiinov had already headed the Company back in 2002 which was a closed joint stock company at the time.

23 December 2011

Nazarbayev ordered investigation into Zhanaozen violence Kazakh President Nursultan Nazarbayev has ordered an investigation into the violence in the western town of Zhanapzen that left 11 people dead and 86 injured.

18 December 2011

3rd stage at Karachaganak to be revisited It calls for certain modifications. Its configuration is subject to further discussions: Oil and gas Minister Sauat Mynbayev.

14 December 2011

Kazakhstan’s Oil and Gas Minister on Karachaganak deal According to him, “the consortium will be exempted from export duty”.

14 December 2011

Negotiations over Karachaganak to be over before the New Year There are no disagreements left: Vice Minister of Oil and Gas Lyazzat Kiinov.

09 December 2011

CPC expansion budget to remain unchanged Caspian Pipeline Consortium is the largest oil export route from the Caspian region to global markets.

02 December 2011

Russia’s Sberbank Chairman German Gref on oil price Mr. Gref admitted 2012 “will be rather complicated given the indicators of the latest months”.

01 December 2011

New oil field discovered in Aktobe oblast South Korean state oil corporation KNOC discovered a new oilfield in Kazakhstan.

29 November 2011

Russia to cut down oil and petroleum products supply to Kazakhstan in 2012 It would be more reasonable to take Kazakhstan-produced oil out of the country, get it processed and brought in back: Kazakhstan’s Oil and gas Minister Sauat Mynbayev.

28 November 2011

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