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Kazakstan to be able to meet its fuel needs by 2015 Massimov said that modernization of existing oil-processing plants will finish not later than January 1, 2015.

15 July 2011

Kazakhstan’s PM Karim Massimov meets Dato' Shamsul Azhar Abbas, Malaysia’s Petronas President and CEO The sides dwelt on bilateral cooperation to implement joint O&G projects.

08 July 2011

H1 2011 KazMunaiGas EP oil production output 3% down The Company cited inclement weather conditions and protests at Ozenmunaigas as the main reasons behind the production drop.

07 July 2011

Project to expand Caspian Pipeline Consortium pipeline capacity launched in Kazakhstan Following the modernization project, the carrying capacity of the pipeline linking the Kazakh Tengiz oilfield with the Russian Black Sea port in Novorossiysk will make up 67 million tons of crude per year.

01 July 2011

Pavlodar oil refinery to be suspended for repairs June 25 Pavlodar refinery is capable of producing 7.5 million tons of oil a year. The facility was constructed in 1978 and is currently owned by Refinary Company RT (KazMunaiGas subsidiary) (58%) and Samruk-Kazyna Sovereign Wealth Fund (42%).

24 June 2011

Lukoil disappointed in Kazakhstan oil fields Lukoil might decide to close two projects in Kazakhstan sector of the Caspian Sea by the end of the financial year.

22 June 2011

Nazarbayev suggests an International Energy Organization coordinate extraction and distribution of all energy resources According to him, the International Energy Agency is only defending interests of countries importing oil and gas.

19 June 2011

Karachaganak Petroleum Operating (KPO) agrees to sell 10% in Karachaganak to Kazakhstan Consortium participants have submitted to the Government a draft memorandum outlining the agreement.

16 June 2011

Oil companies may be obliged to invest into beluga sturgeon breeding projects at the Caspian: Environment Minister Nurgali Ashim Populations of beluga sturgeon have declined by nearly 90% in recent decades due to the high demand for black caviar, inadequate management, and habitat degradation.

16 June 2011

No further licensing of minor oil refineries: Minister of Oil and Gas Sauat Mynbayev According to the Minister, there are a total of 35 oil refineries: 3 large-scaled ones and 32 minor facilities.

16 June 2011

KazMunaiGas to boost financing of innovation projects 100 times by 2015 Currently we spend about $0.68 million on R&D. We plan to increase the figure almost 100 times by 2015: Company’s Head Kairgeldy Kabyldin.

16 June 2011

Crude oil production output in January – May 2.5% up Crude oil production of the period under review made up 28.2 million tons.

14 June 2011

Massive oil lake appeared in Aktobe An oil lake appeared in the city of Aktobe. It may burst into flame any moment.

11 June 2011

Kazakhstan and Russia to benefit from OPEC break-up Organization of Petroleum Exporting Countries OPEC is about to fall apart.

09 June 2011

Fuel shortages in Kazakhstan to be resolved by 2015 The problem of fuel deficiency in Kazakhstan will be solved after implementation of the Complex plan of oil refineries development in 2009-2015.

07 June 2011

Malaysia’s oil and gas company Petronas to enter Kazakhstan According to the Malaysia’s PM, the agreement is on mutually beneficial conditions.

06 June 2011

KazMunaiGas Chairman of the Board Kairgeldy Kabyldin reports to President Nazarbayev on the Company’s progress He also briefed the President on the Company’s plans for the year and prospects of development up to 2020.

02 June 2011

Ministry of Oil and Gas sets retail price ceiling for fuel The Ministry’s press service reports that Kazakhstan will keep on regulating retail prices at the country’s pumps even after July 1, 2011 when customs barriers between the Customs Union member states are removed.

01 June 2011

Royal Dutch Shell to be able to get back to Kazakhstan: Minister of Oil and Gas Sauat Mynbayev His comments followed the decision of the energy giant Royal Dutch Shell to close its offices in Kazakhstan on May 30, after laying off its staff.

31 May 2011

Dzhandossov: Oil production ceiling should be set Renowned Kazakhstan economist Oraz Dzhandossov suggested the Government to “set a ceiling limiting oil production."

27 May 2011

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