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

According to him, the International Energy Agency is only defending interests of countries importing oil and gas.

Consortium participants have submitted to the Government a draft memorandum outlining the agreement.

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.

According to the Minister, there are a total of 35 oil refineries: 3 large-scaled ones and 32 minor facilities.

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.

Crude oil production of the period under review made up 28.2 million tons.
An oil lake appeared in the city of Aktobe. It may burst into flame any moment.

Organization of Petroleum Exporting Countries OPEC is about to fall apart.

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

According to the Malaysia’s PM, the agreement is on mutually beneficial conditions.

He also briefed the President on the Company’s plans for the year and prospects of development up to 2020.

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.

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.

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

Export duty on oil in Kazakhstan has been $40 per ton since January 1, 2010.

KazMunaiGas national Oil Company does not rule out transferring its share in Kashagan to its subsidiary KazMunaiGas EP, KMG President Kairgeldy Kabyldin said in Almaty May 26.

Before the end of this decade the annual volume of oil and gas supplies from the CIS to the global markets can grow 1.5 times against 2010, he said when speaking at the XI CIS oil and gas summit in Paris May 25.

We are very much interested. This will enable us to diversify oil supplies: President Alexandr Lukashenko.

The negotiations with the project participants are to be completed before the end of the year.
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