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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.

07 November 2014

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.

07 November 2014

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.

07 November 2014

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.

06 November 2014

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.

05 November 2014

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.

26 October 2014

Will Kazakhstan cut on social spending amid sliding oil prices? Experts predict Kazakhstan's actions amid growing pressure at the oil market.

22 October 2014

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

22 October 2014

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.

22 October 2014

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.

22 October 2014

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.

21 October 2014

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.

16 October 2014

Oil prices and currency rates approach alarming levels for Kazakhstan Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.

15 October 2014

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

13 October 2014

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.

11 October 2014

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.

10 October 2014

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.

09 October 2014

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

08 October 2014

Nazarbayev says Mangistau economy rests on oil production, there is need to develop other sectors President of Kazakhstan Nursultan Nazarbayev has met with entrepreneurs and community representatives in Aktau, where he outlined the priority areas of development.

05 October 2014

North Caspian Sea may hold large oil reserves: Vice Minister of Energy of Kazakhstan Northern part of the Caspian Sea may contain significant oil reserves.

02 October 2014

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