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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
©Turar Kazangapov
Kazakhstan names average ticket price for EXPO-2017

The cost of tickets to EXPO-2017 in Astana, Kazakhstan will start at 28 euro.

Kazakhstan names average ticket price for EXPO-2017
Kazakhstan Finance Minister on budget stability
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
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
Photo © autonews.ru
Kazakhstani gasoline prices to match Russian by 2019: Karabalin

Gasoline prices in Kazakhstan are substantially lower than those of the neighbouring Russia. They will be gradually growing until they match the Russian prices by 2019.

Kazakhstani gasoline prices to match Russian by 2019: Karabalin
Turar Kazangapov ©
Kazakhstan’s Energy Minister on petrol shortages

Back September 16 First Vice Energy Minister told a briefing that petrol production at the three Kazakhstan-based oil refineries in September is estimated at 250 000 tons, with the current monthly demand for petrol standing at 280 000 tons.

Kazakhstan’s Energy Minister on petrol shortages
©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
Energy Minister Vladimir Shkolnik. Turar Kazangapov ©
Kazakhstan’s Energy Minister suggests carpooling to save on petrol

If there is a possibility, you’d better not commute to work driving a gas-guzzling SUV: Vladimir Shkolnik.

Kazakhstan’s Energy Minister suggests carpooling to save on petrol
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
©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?
© RIA Novosti
Kazakhstan may remain dependent on Russian petroleum products through to 2019

As of now Russia accounts for 1/3 (1.36 million tons) of all the petrol consumed in Kazakhstan and for about 14% (0.7 million tons) of diesel fuel.

Kazakhstan may remain dependent on Russian petroleum products through to 2019
Photo ©Turar Kazangapov
Gasoline prices spike in Kazakhstan

Gasoline prices have grown 11-12% in Kazakhstan in one step.

Gasoline prices spike in Kazakhstan
Turar Kazangapov ©
KazMunaiGas executives on necessity of retail fuel price hikes

Kazakhstan-based oil refineries produce a combined 1.9 million tons of AI—92 gasoline a year, with the domestic demand standing at 2.8 million tons.

KazMunaiGas executives on necessity of retail fuel price hikes
Photo courtesy of beerbook.ru
Beer shortage and heatwave spells misery for Cubans

Cuba has been hit by a beer shortage during one of its hottest summers on record, sparking hoarding and driving thirsty .

Beer shortage and heatwave spells misery for Cubans
©Reuters/Daniel Munoz
Brazil magnate Batista sells Lamborghini that adorned home

Brazilian millionaire Eike Batista has sold the prized Lamborghini that once adorned his living room.

Brazil magnate Batista sells Lamborghini that adorned home
Long queues for dollars ©Turar Kazangapov
Astana residents stocking up on dollars 'just in case'

Astana residents have been forming queues near currency exchange officer on Thursday.

Astana residents stocking up on dollars 'just in case'
No petrol shortages expected in Kazakhstan: Oil Minister
No petrol shortages expected in Kazakhstan: Oil Minister

According to him, now the issue of petrol prices for the second half of the year is on the agenda.

No petrol shortages expected in Kazakhstan: Oil Minister
©Turar Kazangapov
Kazakhstan to develop its tourism industry

Despite Kazakhstan’s huge tourism potential, Kazakhstani tourism is not being developed properly.

Kazakhstan to develop its tourism industry
Photo courtesy of kofr.info
Ministry of Transport explains high costs of domestic flights in Kazakhstan

The Ministry of Transport and Communications of Kazakhstan has responded to complaints about costliness of domestic flights air tickets.

Ministry of Transport explains high costs of domestic flights in Kazakhstan