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Photo RIA Novosti/Boris Babanov
Scientists in Kazakhstan suggest turning gas into gasoline

Scientists from Kazakhstan say they've created a technology to transform oil-associated gas into gasoline and diesel.

Scientists in Kazakhstan suggest turning gas into gasoline
Shymkent Oil Refinery ©oilnews.kz
Shymkent Oil Refinery to receive additional $400 million for modernization

Additional money will be allocated to modernize the Shymkent Oil Refinery on southern Kazakhstan. This will help increase the production capacity of the refinery and make it more environmentally friendly.

Shymkent Oil Refinery to receive additional $400 million for modernization
Kashagan oil and gas field. ©REUTERS
Dropping oil prices cast a shadow of unprofitability over Kashagan

The falling oil prices put the entire Kashagan project in question. Kashagan is a huge oil field located in Kazakhstan's sector of the Caspian Sea.

Dropping oil prices cast a shadow of unprofitability over Kashagan
Photo courtesy of RIA Novosti
Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman

KazMunaiGas Vice Chairman Tiyesov has spoken in the Mazhilis informing the deputies that Kazakhstan will face a decline in oil production should no new fields be discovered in the upcoming decade.

Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman
Tengrinews file photo
Communists in Kazakhstan slam decision to abandon construction of oil refinery

The People's Communist Party has tagged the decision to abandon construction of the 4th oil refinery in Kazakhstan ill judged and said problems had to be solved by the government not shifted to the shoulders of the citizens.

Communists in Kazakhstan slam decision to abandon construction of oil refinery
Photo courtesy of belprauda.org
Following overhaul at three oil refineries Kazakhstan may face excessive supply of petroleum products

The only potential market available for our petroleum products is that of other Central Asia states with a growing population and a shortage of oil processing capabilities of their own. And Afghanistan as well: Vice Chairman of the Board at KazMunaiGas.

Following overhaul at three oil refineries Kazakhstan may face excessive supply of petroleum products
REUTERS ©
New pipelines to be delivered to Kashagan early 2015

According to the Energy Minister, of today the project subcontractors have purchased around 45 kilometers of pipelines.

New pipelines to be delivered to Kashagan early 2015
Kazakhstan Finance Minister on budget stability

According to him, through transfers from the National Oil Fund to the country’s budget the latter is insured against shocks related to falling oil prices.

Kazakhstan Finance Minister on budget stability
©REUTERS
Will Kazakhstan cut on social spending amid sliding oil prices?

Experts predict Kazakhstan's actions amid growing pressure at the oil market.

Will Kazakhstan cut on social spending amid sliding oil prices?
Photo courtesy of polbilding.pl
Kazakhstan explores coal-to-oil opportunities

Kazakhstan Minister of Energy said that the country was considering producing synthetic oil from coal.

Kazakhstan explores coal-to-oil opportunities
Turar Kazangapov ©
Kazakhstan to produce crude as long as it brings benefits and is demanded in global markets: Energy Minister

According to him, oil is not a renewable source of energy and we should think of new generations to come and their wellbeing. Therefore we are considering nuclear power capabilities and coal processing.

Kazakhstan to produce crude as long as it brings benefits and is demanded in global markets: Energy Minister
CEO of French oil group Total Christophe de Margerie. Photo courtesy of top.rbc.ru.
Death of Total CEO will not affect Kashagan project: Kazakh Vice-Minister of Energy

Tragic death of the CEO of French oil giant Total Christophe de Margerie will not affect the development of Kashagan field in Kazakhstan.

Death of Total CEO will not affect Kashagan project: Kazakh Vice-Minister of Energy
CEO of oil giant Total killed in Moscow plane crash

The CEO of French oil company Total, Christophe de Margerie has died after a private jet crashed at a Moscow airport.

CEO of oil giant Total killed in Moscow plane crash
© RIA Novosti
Kazakhstan to export oil to China and Iran should anti-Russian sanctions escalate

The Ministry of National Economy of Kazakhstan is looking for alternative routes in case the West applies additional sanctions against Russia.

Kazakhstan to export oil to China and Iran should anti-Russian sanctions escalate
©REUTERS
Oil prices and currency rates approach alarming levels for Kazakhstan

Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.

Oil prices and currency rates approach alarming levels for Kazakhstan
Kashagan ©REUTERS
Kashagan project cost may rise again

The cost of Kashagan project is estimated to rise by another $4 billion, Financial Times reports.

Kashagan project cost may rise again
Photo courtesy of newskaz.ru.
Venezuela wants extra OPEC meeting to halt oil-price drop

Venezuela will ask for an emergency meeting of OPEC countries to try to halt sliding oil prices, Foreign Minister Rafael Ramirez said.

Venezuela wants extra OPEC meeting to halt oil-price drop
Lyazzat Kiinov. Photo courtesy of pm.kz
Eurasian Economic Union to resolve Kazakhstan's fuel problems

The Eurasian Economic Union, according to the former head of the KazMunaiGas Lyazzat Kiinov, will have a positive effect on the situation with petrol in Kazakhstan.

Eurasian Economic Union to resolve Kazakhstan's fuel problems
Photo courtesy of oilnews.kz
Kazakh Ministry of Energy proposes installing metering devices on oil and gas wells

The Minister of Energy says there is a need for monitoring devices on Kazakhstan's oil and gas wells.

Kazakh Ministry of Energy proposes installing metering devices on oil and gas wells
Photo © Turar Kazangapov.
11 new ambassadors start working in Kazakhstan

Kazakhstan’s Secretary of State Adilbek Dzhaksybekov has received letters of credence from ambassadors of 11 countries.

11 new ambassadors start working in Kazakhstan