Kazakhstan in 10 World’s Worst Performers in Economy: Bloomberg
Kazakhstan ended up in the 10 World’s Worst Performers in Economy compiled by Bloomberg.
KazMunayGas to sell half of its Kashagan share to Samruk-Kazyna
KazMunayGas JCS (KMG) is selling 50% of the company’s share in Kashagan to the National Welfare Fund Samruk-Kazyna of Kazakhstan for almost $4.7 billion.
Brazil's Petrobras slashes multi-year investment plan
Brazil's state oil giant Petrobras slashed its five-year investment plan by a whopping 77 billion dollars -- as it tries to recover from a massive corruption scandal.
Kazakhstan will not be compensating for expenses to replace pipes at Kashagan: Prime Minister
Commercial production at Kashagan started September 11, 2013. However, it was suspended 2 weeks later due to a gas leakage. The production process was resumed shortly. However, another leakage was detected in October.
OPEC unlikely to lose oil influence to US shale: analysts
OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale.
OPEC expected to keep status quo on oil output
OPEC ministers gather for an eagerly awaited meeting which is widely expected to leave its output levels unchanged, despite the recent oil price collapse and global oversupply.
Venezuela seeks allies outside OPEC to steady oil prices
Latin American crude producer Venezuela, struggling to cope with sharply lower oil prices, is seeking support outside OPEC to stabilise the market.
Saudi oil minister says OPEC strategy working
OPEC's strategy of not cutting production in order to maintain market share is working, Saudi Arabia's oil minister said.
Gasoline prices rise in Kazakhstan
Caps on gasoline prices have been raised in Kazakhstan.
Economic slowdown expected in Central Asia in 2015: IMF
The newly published IMF report on economic prospects of the Caucasus and Central Asia is not very optimistic.
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.
Question of Berezovka villagers relocation budges
Will Berezovka villagers finally be relocated to a safer place?
Kazakh president meets Shell's Ben van Beurden in Astana
President of Kazakhstan receives the CEO of Royal Dutch Shell in Akorda.
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.
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.
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.
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.
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!
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.
Oil price may hit $40 per barrel by end of month
Oil prices might fall again as reserves of crude continue growing, experts say.
