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.
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.
Starting from April 1, 2014 the crude export duty rate was raised from $60 to $80 per ton of crude.
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.
The US Senate approved a bill authorizing construction of the controversial Keystone XL oil pipeline from Canada to the United States.
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).
Cheap gas from Russia can put a stop to the work of Kazakhstan’s oil refineries.
Kazakhstan is revising its budget because of the falling global oil prices.
The Board of Directors of KazMunaiGas Exploration and Production (KMG EP) has changed following the extraordinary general meeting of its shareholders.
Oil wastes were burning in one of Aktaus' industrial zones in Kazakhstan's West.
Venezuelan President Nicolas Maduro arrived in Tehran for a 24-hour visit during which he will meet officials from fellow OPEC member Iran.
Pavlodar Oil Refinery will receive funding from Development Bank of Kazakhstan (DBK) amounting to $1.2 billion.
Production at Kashagan field remains halted for an unspecified time; the need to replace pipes threatens the future of the oil project.
President of Kazakhstan Nursultan Nazarbayev has instructed Kazakh officials to attract large transnational corporations during a nationwide teleconference dedicated to the Day of Industrialization.
The subsidiary of Kazmunaigas, KazMunayGas Exploration and Production plans to produce 12 million tons of oil in 2015.
A Russian Black Sea city declared a state of emergency after a burst pipeline spewed oil into the landlocked water body.
Back in the autumn 2014 the country’s Energy Ministry announced that a decision had been taken to build up the processing capabilities of the Shymkent-based oil refinery rather than have a 4th refinery constructed.
OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not.
Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.
The main accuser in the corruption scandal that has embroiled Brazil oil giant Petrobras gave a list of 28 politicians who had taken kickbacks.
- Central Asia
- Customs Union
- Asia Pacific
- Nursultan Nazarbayev
- emergency situations
- Saudi Arabia
- Samruk Kazyna