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©Turar Kazangapov
We learn to live without oil: Kazakhstan's Minister of Finance

Kazakhstan’s Minister of Finance Bakhyt Sultanov answered questions of foreign guests at the VII Astana Economic Forum concerning the measures Kazakhstan had been undertaking amidst unstable oil prices.

We learn to live without oil: Kazakhstan's Minister of Finance
Berezovka villagers demand relocation. Photo courtesy of uralskweek.kz
Question of Berezovka villagers relocation budges

Will Berezovka villagers finally be relocated to a safer place?

Question of Berezovka villagers relocation budges
Photo courtesy of Akorda
Kazakh president meets Shell's Ben van Beurden in Astana

President of Kazakhstan receives the CEO of Royal Dutch Shell in Akorda.

Kazakh president meets Shell's Ben van Beurden in Astana
Photo courtesy of nnm.ru
Pregnant oil company employee threatens to jump out of window for non-paid salary

A 5-month pregnant employee of Aktobe-based oil company Lines Jump LLP threatens to jump out of a window because she has not been paid any salary for months.

Pregnant oil company employee threatens to jump out of window for non-paid salary
Photo © Turar Kazangapov
Kazakhstan has enough oil, even without Kashagan: Nazarbayev

President Nursultan Nazarbayev believes Kazakhstan has enough oil even without Kashagan oil field at the Caspian sea.

Kazakhstan has enough oil, even without Kashagan: Nazarbayev
A schoolboy faints during classes in Berezovka village ©mgorod.kz
Children faint again in village near major Kazakh oil and gas field

Three children have faited during classes in Berezovka village just several months after a series of mass incidents of the same nature.

Children faint again in village near major Kazakh oil and gas field
Kazakhstan's President Nursultan Nazarbayev and Total's CEO Patrick Pouyanné. Photo courtesy of Akorda.
Nazarbayev meets French Total CEO

Kazakhstan’s President Nursultan Nazarbayev has met with the CEO of French oil giant Total Patrick Pouyanne on Tuesday, April 14.

Nazarbayev meets French Total CEO
TengrizChervrOil capacity expansion soars by $15bln

Projects for expansion of production capacity at Tengiz oil and gas field in Western Kazakhstan have seen their price tag soar. By $15 billion!

TengrizChervrOil capacity expansion soars by $15bln
Kazakhstan mulls halving crude export duty

In the wake of dropping oil prices, the crude export duty rate in Kazakhstan, according to Halyk Finance analytics, could be reduced by half.

Kazakhstan mulls halving crude export duty
©REUTERS
Oil price may hit $40 per barrel by end of month

Oil prices might fall again as reserves of crude continue growing, experts say.

Oil price may hit $40 per barrel by end of month
Photo courtesy of tng.rusoil.net
Modernization of Kazakh oil refineries may be delayed

The process of modernizing Kazakh oil refineries may have to be delayed, putting additional pressure on the domestic fuel market of Kazakhstan.

Modernization of Kazakh oil refineries may be delayed
KazMunaiGas Exploration and Production profits falls by 67 percent in 2014

Profits of Kazakhstan's largest oil production company fall in 2014.

KazMunaiGas Exploration and Production profits falls by 67 percent in 2014
Photo courtesy of raznesi.info
Kazakhstan budget may lose $5 bln in revenues

The budget revenues of Kazakhstan may be $5 bln short of target if the oil prices stay at $50 per barrel in 2015.

Kazakhstan budget may lose $5 bln in revenues
©REUTERS
Moody's downgrades ratings for scandal-hit Petrobras

International ratings agency Moody's said it had downgraded all ratings for scandal-plagued Brazilian oil giant Petrobras.

Moody's downgrades ratings for scandal-hit Petrobras
Photo courtesy of lsm.kz
Tenge exchange rate adjustment possible if oil prices go below $50: Kazakh central bank governor Kelimbetov

Governor of the National Bank of Kazakhstan Kairat Kelimbetov said that a devaluation of the tenge is possible if oil prices fall below $50 per barrel.

Tenge exchange rate adjustment possible if oil prices go below $50: Kazakh central bank governor Kelimbetov
Low oil prices won't spur world growth: Moody's

Low oil prices normally help grease the wheels of business and spur global economic growth, but Moody's said it would not revise its forecasts for the G20,.

Low oil prices won't spur world growth: Moody's
Standard & Poor’s lowers Kazakhstan long-term ratings

Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.

Standard & Poor’s lowers Kazakhstan long-term ratings
Can Brazil president survive growing Petrobras scandal?

Mounting allegations that her party received hundreds of millions of dollars in a kickbacks scandal engulfing oil giant Petrobras have sent Brazilian President's poll ratings tumbling.

Can Brazil president survive growing Petrobras scandal?
REUTERS ©
Kashagan economically viable with prices for oil at $100 per barrel

Both Tengiz and Karachaganak oilfields are effective projects, with the break even point being much lower that of Kashagan: Sauat Mynbayev, KazMunaiGas Chairman of the Board.

Kashagan economically viable with prices for oil at $100 per barrel
Bendine, the head of state-controlled Banco do Brasil, will be the new chief executive of scandal-hit oil giant Petrobras. ©REUTERS
Petrobras confirms Bendine as new CEO

Brazilian oil giant Petrobras confirmed that banking executive Aldemir Bendine has been named its new chief executive.

Petrobras confirms Bendine as new CEO