News about Oil
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
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 15:09
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 23:29
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 16:08
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 17:44
Kazakhstan was late to start modernizing its oil refineries: Minister of Oil and Gas Sauat Mynbayev
According to him, timely expansion of the capacities could neutralize price fluctuations and fuel shortages in the domestic market.
04 October 2011 13:30
FDI to slightly diminish in 2011 due to decreasing investments into Kashagan oilfield
At the same time, according to him, “foreign investments into the processing sector are growing”.
03 October 2011 12:12
Economy growth to make up 3-4% in case of pessimistic scenario
In case oil stands at 60%, the growth rate figure will make up 5-6%: Economic Development Minister Kairat Kelimbetov.
26 September 2011 19:24
APC fined Sinooil 3 million tenge
Agency for Protection of Competition fined Sinooil over 3 million tenge.
19 September 2011 18:51
Kazakhstan’s Government raises export duty on petroleum products
The new export duty rate comes into effect September 27.
19 September 2011 12:47
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