News about Oil

KazMunayGas National Oil and Gas Company obtains a syndicated loan worth $1 billion The agreement was signed July 15.
04 August 2011 09:07
Foreign Ministry finds it inadmissible for representatives of the European Parliament to intervene in the internal affairs of sovereign Kazakhstan Nor do we find admissible any actions provoking political instability and public unrest: Foreign Ministry spokesman Ilyas Omarov.
02 August 2011 01:54
Kazakhstan’s Government sets higher export duty on petroleum products Exports duty on crude remains at $ 40 per ton.
29 July 2011 01:15
KazMunaiGas EP annual oil production output may fall 6% due to industrial action According to the Company, production output is currently 366 000 tons of oil behind the schedule.
28 July 2011 03:45
Export of Kazakhstan’s oil to Belarus impossible without Russia’s consent We purchase only gasoil and residual oil. Not yet crude oil: Belarus Ambassador to Kazakhstan Valery Brylev.
23 July 2011 17:38
Medvedev signed a law to cooperate with Kazakhstan in oil deliveries President of Russia signed several laws regulating cooperation with Kazakhstan within the Common Economic Space.
18 July 2011 14:13
Kazakstan to be able to meet its fuel needs by 2015 Massimov said that modernization of existing oil-processing plants will finish not later than January 1, 2015.
15 July 2011 17:23
Kazakhstan’s PM Karim Massimov meets Dato' Shamsul Azhar Abbas, Malaysia’s Petronas President and CEO The sides dwelt on bilateral cooperation to implement joint O&G projects.
08 July 2011 21:32
H1 2011 KazMunaiGas EP oil production output 3% down The Company cited inclement weather conditions and protests at Ozenmunaigas as the main reasons behind the production drop.
07 July 2011 15:58
Project to expand Caspian Pipeline Consortium pipeline capacity launched in Kazakhstan Following the modernization project, the carrying capacity of the pipeline linking the Kazakh Tengiz oilfield with the Russian Black Sea port in Novorossiysk will make up 67 million tons of crude per year.
01 July 2011 17:53
Pavlodar oil refinery to be suspended for repairs June 25 Pavlodar refinery is capable of producing 7.5 million tons of oil a year. The facility was constructed in 1978 and is currently owned by Refinary Company RT (KazMunaiGas subsidiary) (58%) and Samruk-Kazyna Sovereign Wealth Fund (42%).
24 June 2011 16:23
Lukoil disappointed in Kazakhstan oil fields Lukoil might decide to close two projects in Kazakhstan sector of the Caspian Sea by the end of the financial year.
22 June 2011 15:41
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 17:45
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 15:58
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 14:54
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 14:26
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 14:03
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 13:53
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 10:40
Kazakhstan and Russia to benefit from OPEC break-up Organization of Petroleum Exporting Countries OPEC is about to fall apart.
09 June 2011 18:47
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