site.news_by_theme Oil

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
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
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