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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Kazakhstan must find new oil and gas fields: Senator
Senator Lyazzat Kiinov said Kazakhstan had to invest into oil and gas exploration since the remaning natural reserves would soon be depleted.
Artificial blood from petroleum products to be produced in Kazakhstan
Scientists from Kazakhstan have developed a new method of production of artificial blood from petroleum products.
OPEC will not step in to support oil prices: Kuwait
OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said, as Brent crude breached the $60 mark.
Kazakh Vice Prime Minister visits Berezovka village after mass poisoning of children
Deputy Prime Minister of Kazakhstan Berdybek Saparbayev has visited Berezovka village located just several kilometers away from the major oil and gas field Karachaganak, where emissions of hydrogen sulfide took place shortly before the incident.
Brazil's Rousseff inaugurates nuclear sub shipyard
Brazilian President inaugurated a naval shipyard that will oversee construction of a nuclear-powered submarine and four others to patrol Brazil's long coastline and oil reserves.
951 Berezovka villagers sign appeal to President
951 Berezovka villagers have signed an appeal addressed to the President and Prime-Minister of Kazakhstan asking to be relocated away from the Karachaganak oil and gas field, citing poor ecological situation in the area and the latest series of incidents involving mass poisoning of children.
Businesses in Kazakhstan reluctant to enter long-term contracts amid falling oil prices
CEO of Samruk Kazyna Contract Serikbek Yelshibekov said that Kazakh businessmen were becoming reluctant to enter long-term contracts with Samruk Kazyna subsidiaries due to the unstable situation at the oil market.
Mass poisoning in western Kazakhstan: KPO denies breaching environmental standards
Karachaganak Petroleum Operating B.V. denies breaching environemtal standards in recent hospitalization of children in Berezovka village, several kilometers away from Karachaganak oil and gas field in Kazakhstan.
Kazakh-French business forum in Astana
Kazakhstan hosted a business forum with French collegues to discuss trade cooperation.
