OPEC won't cut output even at $20 a barrel: SaudiOPEC 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.
Kazakhstan Finance Minister on budget stabilityAccording 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’s Energy Minister on petrol shortagesBack 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.
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.