News about Oil
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 11:35
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 00:23
New oil field discovered in Aktobe oblast
South Korean state oil corporation KNOC discovered a new oilfield in Kazakhstan.
29 November 2011 14:56
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 19:29
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 09:28
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 14:12
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 11:41
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 12:18
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 14:02
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 19:51
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 14:11
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 21:16
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 17:49
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 17:16
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 11:17
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 00:41
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 18:03
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 11:11
KazMunaiGas arranged for independent audit of oil reserves
KazMunaiGas National Oil Company started an independent audit of oil reserves.
08 October 2011 10:05
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