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©Tengrinews
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.

Nazarbayev says Mangistau economy rests on oil production, there is need to develop other sectors
Photo © tengrinews
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.

North Caspian Sea may hold large oil reserves: Vice Minister of Energy of Kazakhstan
Photo courtesy of arabpress.net.ua
Alternative energy will not replace traditional energy: Nazarbayev

President of Kazakhstan said that traditional energy was not possible to replace with alternative sources, which is why Kazakhstan should not be afraid of that its economy is based on raw materials.

Alternative energy will not replace traditional energy: Nazarbayev
Nursultan Nazarbayev. Photo  © RIA Novosti
Nazarbayev offers Russia to cooperate in geological exploration of Caspian Depression

Nursultan Nazarbayev suggested Russia to start a joint geological exploration project to find new oil fields.

Nazarbayev offers Russia to cooperate in geological exploration of Caspian Depression
©Renat Tashkinbayev
Putin calls Caspian countries to coordinate oil and gas prices

at the 4th Caspian Summit President of Russia called five Caspian countries to coordinate their actions on the global hydrocarbons market.

Putin calls Caspian countries to coordinate oil and gas prices
Presidents of Caspian littoral states from left to right: Azerbaijan, Iran, Russia, Kazakhstan and Turkmenistan. ©RIA Novosti
Nazarbayev calls Caspian Summit in Russia a breakthrough

Heads of Caspian littoral states have gathered in Russia and reached a number of important agreements.

Nazarbayev calls Caspian Summit in Russia a breakthrough
Tengrinews file photo
Tatarstan ready to share experience in oil refining with Kazakhstan

A delegation from Tatarstan has visited Astana to discuss cooperation in various fields, including oil industry.

Tatarstan ready to share experience in oil refining with Kazakhstan
©Yaroslav Radlovsky
Fuel market risks in Kazakhstan

Kazakhstan has only three oil refineries, which are not only few but also outdated.

Fuel market risks in Kazakhstan
©RIA Novosti
Diesel order 60% above official price cap placed by Kazakhstan government agency

Tengrinews correspondent finds orders on government procurement website to buy diesel at price 60% higher than the price cap set by the Kazakhstani government.

Diesel order 60% above official price cap placed by Kazakhstan government agency
© RIA Novosti
Kazakhstan to see crude production output decline in 2015

Last year we planned this year’s crude production output would make up 83 million tons. We plan the figure to make up 81.8 million tons, with exports standing at 54 million tons: Finance Minister Bakhyt Sultanov.

Kazakhstan to see crude production output decline in 2015
©Tengrinews file photo
Cracking catalyst plant to be built in Kazakhstan

Several new plants are to be built in Aktobe Oblast in western Kazakhstan, including one to produce oil products of higher quality.

Cracking catalyst plant to be built in Kazakhstan
No need for urgent OPEC meet on lower oil price: Kuwait

OPEC member Kuwait said there was no need to call an emergency meeting for the producers' cartel to discuss sliding oil prices after crude hit a 17-month low.

No need for urgent OPEC meet on lower oil price: Kuwait
Photo ©foto-planeta.com
British national fails suicide in Western Kazakhstan

A British national has attempted to commit suicide in Aksai, Western Kazakhstan Oblast.

British national fails suicide in Western Kazakhstan
Photo courtesy of farsnews.com
Kazakhstan and Iran discuss renewal of oil swaps

Kazakhstan is thinking of a number of investment projects involving the Iranian side in Kyzylorda oblast: plans are afoot to launch a glass making facility, a facility to produce alumina, and a leach plant in Karaganda oblast: President Nazarbayev.

Kazakhstan and Iran discuss renewal of oil swaps
Photo ©RIA Novosti
Additional gas to be imported from Russia: KazMunaiGas Onimderi

KazMunaiGaz will import addition AI-92 gas from Russia to Kazakhstan.

Additional gas to be imported from Russia: KazMunaiGas Onimderi
©Yaroslav Radlovsky
Kazakhstan will soon feel the rising cost of living: expert

Fuel prices have grown in Kazakhstan, and they will push the prices of other goods upwards.

Kazakhstan will soon feel the rising cost of living: expert
Photo courtesy of <a href="http://www.uralskweek.kz/" target="_blank">Uralsk Week</a>.
Man blocks entrance to mayor's office in protest against gasoline deficit in Kazakhstan

A young man has blocked the entrance to the mayor's office with his car in the city of Uralsk in western Kazakhstan. His motifs?

Man blocks entrance to mayor's office in protest against gasoline deficit in Kazakhstan
© mgorod.kz
Fuel deficit creates kilometer-long queues in Kazakhstan

Uralsk is an administrative center of West Kazakhstan Oblast. The Oblast produces both oil and gas. However, since early morning yesterday people in the city have been forming kilometer-long queues to refuel.

Fuel deficit creates kilometer-long queues in Kazakhstan
©Turar Kazangapov
Oil-producing Kazakhstan depends on Russia for gasoline. No way out?

Oil-producing Kazakhstan experienced a significant fuel price hike last week. Vice-Minister of Energy Karabalin spoke to the journalists about the situation and the future of the fuel supplies in Kazakhstan.

Oil-producing Kazakhstan depends on Russia for gasoline. No way out?
Oil thieves cause pipeline leak, pollute Mexico river

Thieves who tapped an oil pipeline in northern Mexico caused a spill that contaminated the San Juan River, a key irrigation source for farmers.

Oil thieves cause pipeline leak, pollute Mexico river