News about Oil

Pavlodar-based oil refinery to process Kazakh oil first time in history The facility received the first batch of 30 000 tons of Kazakh oil from oilfields located in Aktyubinsk and Kyzylorda oblasts.

25 November 2011

Kazakhstan to produce fuel of international standard in 2016 Construction of a new deep conversion plant will start at the Atyrau Refinery shorty. Euro-4, Euro-5 petrol will be produced in the end of 2013.

17 November 2011

Kazakhstan may join world’s top five oil exporters Kazakhstan may join the world’s top five oil exporting nations, Noe van Hulst, IEF Secretary General said.

14 November 2011

Timur Kulibayev believes in Kazakhstan science Timur Kulibayev, chairman of the board of Samruk Kazyna National Wealth Fund, declared that sience in Kazakhstan has a promissing future.

06 November 2011

Kazakhstan consideraing a fourth oil refinery by 2017 In May 2011 Oil and Gas Minister Sauat Mynbayev told Kazkahstan might construct a new oil refinery by 2020.

28 October 2011

Pavlodar-based oil refinery almost doubles oil processing The refinery has come to a record high volume of oil processing over the last ten years.

25 October 2011

Kazakhstan and Russia to abolish export duty on crude under the CIS free trade agreement The free trade agreement was signed in St. Petersburg by Russia, Ukraine Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moldova and Tajikistan.

23 October 2011

Shymkent-based oil refinery suspended for overhaul Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.

20 October 2011

KMG EP planning to start oil production in North Kazakhstan KazMunaiGas Exploration and Production is planning to start oil production in North Kazakhstan before 2020.

20 October 2011

KazMunaiGas Exploration and Production on its production targets For the 9 months of 2011 the Company produced 9.207 million tons of oil, 7% down against the like period of 2010.

20 October 2011

France’s Total believes oil production at giant Kashagan oilfield will start late 2012 at 300 000 barrels a day According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.

19 October 2011

Kazakhstan’s oil transit across Azerbaijan to reach 8 million tons a year Oil transported across the Caspian Sea to Azerbajan terminals is further transported to Georgian ports of Batumi and Kulevi by railways.

14 October 2011

Key issues resolved on Karachaganak: Kazakh Finance Minister We have the principle agreement, but as usually devil is in the detail. We are working on all the details right now: Zhamishev.

13 October 2011

My son’s purchase of the Russian oil refinery has nothing to do with politics: KazAtomProm Head Vladimir Shkolnik According to him, if someone takes a loan and purchases an asset – it is his own choice.

13 October 2011

Eight died in Kazakh oil reservoir fire Eight workers died after a fire broke out at an oil pumping station during a routine maintenance. They were all between 18 and 25 years old.

12 October 2011

KazMunaiGas arranged for independent audit of oil reserves KazMunaiGas National Oil Company started an independent audit of oil reserves.

08 October 2011

CPC to transport 32 million tons of oil in 2011 The CPC is implementing a project to expand the pipe’s capacities to 67 million tons a year. The project is to be completed by 2014.

06 October 2011

Kazakhstan is ready to pay $700 million - 1.1 billion for a stake in Karachaganak With its 1.2 billion tons of oil and condensed gas and 1.35 trillion cubic meters of gas, Karachaganak is one of the largest O&G fields in the world.

05 October 2011

Akchulakov appointed new head of KazMunaiGas Outgoing Kairgeldy Kabyldin, according to a source close to the situation, is expected to head KazTransOil.

05 October 2011

Kabyldin told about plans for Karachaganak development by the end of 2011 Chairman of KazMunaiGas National Oil Company told about plans for Karachaganak field development at the press-conference of the 6th Eurasian Forum KAZENERGY.

04 October 2011

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