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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

Minister of Oil and Gas Sauat Mynbayev does not find it necessary to raise export duty on oil Export duty on oil in Kazakhstan has been $40 per ton since January 1, 2010.

26 May 2011

KazMunaiGas may transfer its share in Kashagan to KazMunaiGas EP 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.

26 May 2011

Implementation of most of the current oil and gas projects will bring Kazakhstan into the top five oil producers: Timur Kulibayev 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.

26 May 2011

Kazakhstan and Belarus to agree on oil supplies We are very much interested. This will enable us to diversify oil supplies: President Alexandr Lukashenko.

25 May 2011

Kazakhstan to join the Karachaganak project: Kazakhstan’s Prime Minister Karim Massimov The negotiations with the project participants are to be completed before the end of the year.

21 May 2011

New oil field discovered in Kazakhstan The field's oil reserves may reach 200 million tons.

19 May 2011

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