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Kazakhstan’s President on plans to construct a 4th oil refinery 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.

25 December 2014

OPEC won't cut output even at $20 a barrel: Saudi 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.

23 December 2014

Kazakh National Fund grows despite drop in oil prices: Minister of Finance Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.

22 December 2014

Brazil's Petrobras graft scandal embroils 28 more politicians The main accuser in the corruption scandal that has embroiled Brazil oil giant Petrobras gave a list of 28 politicians who had taken kickbacks.

20 December 2014

Canada slaps new sanctions on Russia oil sector over Ukraine Canada announced fresh sanctions on Russia over its support for rebels in Ukraine, targeting 20 Russian politicians and Ukrainian separatist leaders.

20 December 2014

Kazakhstan must find new oil and gas fields: Senator Senator Lyazzat Kiinov said Kazakhstan had to invest into oil and gas exploration since the remaning natural reserves would soon be depleted.

19 December 2014

Artificial blood from petroleum products to be produced in Kazakhstan Scientists from Kazakhstan have developed a new method of production of artificial blood from petroleum products.

18 December 2014

OPEC will not step in to support oil prices: Kuwait OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said, as Brent crude breached the $60 mark.

17 December 2014

Kazakh Vice Prime Minister visits Berezovka village after mass poisoning of children Deputy Prime Minister of Kazakhstan Berdybek Saparbayev has visited Berezovka village located just several kilometers away from the major oil and gas field Karachaganak, where emissions of hydrogen sulfide took place shortly before the incident.

16 December 2014

Brazil's Rousseff inaugurates nuclear sub shipyard Brazilian President inaugurated a naval shipyard that will oversee construction of a nuclear-powered submarine and four others to patrol Brazil's long coastline and oil reserves.

13 December 2014

951 Berezovka villagers sign appeal to President 951 Berezovka villagers have signed an appeal addressed to the President and Prime-Minister of Kazakhstan asking to be relocated away from the Karachaganak oil and gas field, citing poor ecological situation in the area and the latest series of incidents involving mass poisoning of children.

12 December 2014

Businesses in Kazakhstan reluctant to enter long-term contracts amid falling oil prices CEO of Samruk Kazyna Contract Serikbek Yelshibekov said that Kazakh businessmen were becoming reluctant to enter long-term contracts with Samruk Kazyna subsidiaries due to the unstable situation at the oil market.

08 December 2014

Mass poisoning in western Kazakhstan: KPO denies breaching environmental standards Karachaganak Petroleum Operating B.V. denies breaching environemtal standards in recent hospitalization of children in Berezovka village, several kilometers away from Karachaganak oil and gas field in Kazakhstan.

06 December 2014

Kazakh-French business forum in Astana Kazakhstan hosted a business forum with French collegues to discuss trade cooperation.

06 December 2014

Hydrogen sulphide emissions at Karachaganak before mass poisoning in Western Kazakhstan Prosecutor of West Kazakhstan Oblast said there were several hydrogen sulphide emissions at the large Karachaganak oil and gas field before the mass poisoning of children from nearby Berezovka village occured.

05 December 2014

First Vice Energy Minister refutes anticipated substantial petrol prices hikes Earlier a Senator said that Western oil majors operating in Kazakhstan were willing to supply crude to be processed for domestic consumption at global prices.

03 December 2014

Kazakhstan's 2014 oil production figure expected to be lower than 2013 figure: Energy Vice-Minister Back in 2013 Kazakhstan produced 81.731 million tons of oil, including condensed gas, 3.2% up against 2012.

03 December 2014

29 school students and teachers faint one after another in Western Kazakhstan 25 school children and 4 teachers fainted in a Western Kazakhstan village school one after another.

01 December 2014

Spain's Canary islanders protest against oil drilling About 200 people, including tourists, formed a giant "SOS" on a beach on Spain's Canary Islands to protest against drilling for oil off the archipelago.

01 December 2014

Overhaul of Shymkent-based oil refinery postponed to spring 2015 Not to slow down the production rates at the start of next year and to keep all the indicators in line with plans, the overhaul has been postponed from this year’s autumn to the spring of 2015: South Kazakhstan oblast governor.

28 November 2014

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