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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.

11 February 2015

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.

10 February 2015

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.

09 February 2015

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

08 February 2015

UN Security Council aims to dry up IS group financing The UN Security Council plans to adopt a resolution next week aimed at halting funding to Islamic State militants from oil, antique trafficking and ransoms.

07 February 2015

Chinese expansion in Kazakhstan's energy field? China has been increasing its presence in the oil and gas sector of Kazakhstan. There is no consensus on whether this is a positive or a worrying development.

05 February 2015

Kazakhstan thinking of reducing crude export duty rate Starting from April 1, 2014 the crude export duty rate was raised from $60 to $80 per ton of crude.

04 February 2015

Total chief says to slash exploration outlays by nearly third The chief executive of Total said the French oil company would slash spending on exploration by 30 percent this year due to the drop in the price of oil.

30 January 2015

Obama clash looms after Senate passes Keystone The US Senate approved a bill authorizing construction of the controversial Keystone XL oil pipeline from Canada to the United States.

30 January 2015

Kazakhstan’s Energy Minister refutes sales of oil refinery by his son To my best knowledge, he hasn’t been buying or selling anything in the last three years”, the Minister told journalists on the sidelines of the sitting in the country’s Majilis (lower chamber).

26 January 2015

Russia's cheap gas may shut down Kazakhstani oil refineries: Minister of Energy Cheap gas from Russia can put a stop to the work of Kazakhstan’s oil refineries.

26 January 2015

Kazakh budget revised amidst dropping oil prices Kazakhstan is revising its budget because of the falling global oil prices.

19 January 2015

Board of Directors of KazMunaiGas EP changes The Board of Directors of KazMunaiGas Exploration and Production (KMG EP) has changed following the extraordinary general meeting of its shareholders.

15 January 2015

Oil wastes burn in Kazakhstan's West Oil wastes were burning in one of Aktaus' industrial zones in Kazakhstan's West.

15 January 2015

Venezuela's Maduro in Iran for oil talks Venezuelan President Nicolas Maduro arrived in Tehran for a 24-hour visit during which he will meet officials from fellow OPEC member Iran.

10 January 2015

Development Bank of Kazakhstan funds modernization of Pavlodar Oil Refinery Pavlodar Oil Refinery will receive funding from Development Bank of Kazakhstan (DBK) amounting to $1.2 billion.

09 January 2015

Pipeline havoc at Kashagan: no losses for Kazakhstan, no refund for NCOC Production at Kashagan field remains halted for an unspecified time; the need to replace pipes threatens the future of the oil project.

07 January 2015

Attract transnational corporations to build new processing plants: Nazarbayev President of Kazakhstan Nursultan Nazarbayev has instructed Kazakh officials to attract large transnational corporations during a nationwide teleconference dedicated to the Day of Industrialization.

06 January 2015

KazMunaiGas subsidiary to produce 12 million tons of oil in 2015 The subsidiary of Kazmunaigas, KazMunayGas Exploration and Production plans to produce 12 million tons of oil in 2015.

29 December 2014

Russia battles to contain Black Sea oil spill A Russian Black Sea city declared a state of emergency after a burst pipeline spewed oil into the landlocked water body.

26 December 2014

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