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