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KazMunaiGas EP exiting negotiations over Akkas gas field in Iraq KazMunaiGas Exploration Production was established in March 2004 and is among the top three oil producers in Kazakhstan.

11 May 2011

New oil refinery may be built in Kazakhstan in 2020 Processing capacities of the current three refineries [based in Pavlodar, Atyrau and Shymkent] can meet the domestic demand: O&G Minister Sauat Mynbayev.

11 May 2011

Kazakhstan to boost oil processing to 17 million tons by 2015 As of today, Kazakhstan-based refineries process a bit over 13 million tons a year: Oil and gas Minister Sauat Mynbayev.

11 May 2011

Seals die in Mangistau oblast 12 dead seals were found at the Caspian shore in Mangistau oblast.

11 May 2011

Q1 2011 KazMunaiGas Exploration Production net profit 14% up against 2010 The growth was mostly spurred by 33% oil sales price growth (from $64.64 to $86.61 per barrel).

10 May 2011

There is no preconditions for fuel prices raise or fuel crisis in Kazakhstan Deputy director of the Center for Analysis of Social Problems talked about the possibility and reasons of fuel crisis in Kazakhstan.

06 May 2011

Proved Caspian reserves made 2.95 billion tons of oil Proved hydrocarbon reserves of the Caspian Sea shelf make 3.1 trillion cubic meters of gas and 2.95 billion tons of oil.

05 May 2011

Multinationals account for half of investments into Kazakh O&G sector For the last decade investments into the O&G sector totaled $107 billion, with about 60% of the investments being injected into projects with global oil majors: Minister of Oil and Gas Sauat Mynbayev.

04 May 2011

Kazakhstan ratifies agreement on common oil and petroleum products market with Russia and Belarus The agreement seeks to define major principles to form the common markets of oil for the Customs Union member states, as well as to foster competition in these markets.

04 May 2011

KazMunaiGas to purchase Helios chain of gas stations According to a source at the Pavlodar oil refinery, almost everything is ready for the forthcoming deal.

03 May 2011

Massimov warns of oil price downturn Kazakhstan Prime-Minister Karim Massimov warned his ministers of a high probability of the global oil price downturn.

20 April 2011

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