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Kazakh president meets Shell's Ben van Beurden in Astana President of Kazakhstan receives the CEO of Royal Dutch Shell in Akorda.

06 May 2015

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.

30 April 2015

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.

30 April 2015

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.

16 April 2015

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.

16 April 2015

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!

01 April 2015

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.

21 March 2015

Oil price may hit $40 per barrel by end of month Oil prices might fall again as reserves of crude continue growing, experts say.

18 March 2015

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.

12 March 2015

KazMunaiGas Exploration and Production profits falls by 67 percent in 2014 Profits of Kazakhstan's largest oil production company fall in 2014.

11 March 2015

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.

06 March 2015

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.

25 February 2015

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.

13 February 2015

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,.

11 February 2015

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

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