Modernization of Kazakh oil refineries may be delayed
The process of modernizing Kazakh oil refineries may have to be delayed, putting additional pressure on the domestic fuel market of Kazakhstan.
KazMunaiGas Exploration and Production profits falls by 67 percent in 2014
Profits of Kazakhstan's largest oil production company fall in 2014.
Kazakhstan budget may lose $5 bln in revenues
The budget revenues of Kazakhstan may be $5 bln short of target if the oil prices stay at $50 per barrel in 2015.
Moody's downgrades ratings for scandal-hit Petrobras
International ratings agency Moody's said it had downgraded all ratings for scandal-plagued Brazilian oil giant Petrobras.
Tenge exchange rate adjustment possible if oil prices go below $50: Kazakh central bank governor Kelimbetov
Governor of the National Bank of Kazakhstan Kairat Kelimbetov said that a devaluation of the tenge is possible if oil prices fall below $50 per barrel.
Low oil prices won't spur world growth: Moody's
Low oil prices normally help grease the wheels of business and spur global economic growth, but Moody's said it would not revise its forecasts for the G20,.
Standard & Poor’s lowers Kazakhstan long-term ratings
Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.
Can Brazil president survive growing Petrobras scandal?
Mounting allegations that her party received hundreds of millions of dollars in a kickbacks scandal engulfing oil giant Petrobras have sent Brazilian President's poll ratings tumbling.
Kashagan economically viable with prices for oil at $100 per barrel
Both Tengiz and Karachaganak oilfields are effective projects, with the break even point being much lower that of Kashagan: Sauat Mynbayev, KazMunaiGas Chairman of the Board.
Petrobras confirms Bendine as new CEO
Brazilian oil giant Petrobras confirmed that banking executive Aldemir Bendine has been named its new chief executive.
UN Security Council aims to dry up IS group financing
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.
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.
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.
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.
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.
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).
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.
Kazakh budget revised amidst dropping oil prices
Kazakhstan is revising its budget because of the falling global oil prices.
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.
Oil wastes burn in Kazakhstan's West
Oil wastes were burning in one of Aktaus' industrial zones in Kazakhstan's West.
