Kazakhstan to produce 190 000 cars a year by 2019The task is to bring the number of cars from the current 37 000 to 190 000 cars a year, with the share of locally produced parts from raising from the current 30% to 50%: Industry Minister Asset Issekeshev.
DR Congo opens one of Africa's largest gold minesDR Congo, one of the world's biggest gold producers, on Friday formally opened one of the continent's largest gold mines in the far northeast of the country.
Kazakh Minister of Economic Affairs on KashaganWe hope the production will be resumed in the second half of the year, with the production output reaching 2.5-3 million tons of oil: Yerbolat Dossayev.
03 March 2014
Max Petroleum may be up for saleBritish Max Petroleum Plc, a Kazakhstan-focused oil and gas exploration and development company, may be on the verge of sale.
26 February 2014
Nazarbayev expects serious oil from KashaganNursultan Nazarbayev, President of Kazakhstan, is expecting some ‘serious’ oil from flicking Kashagan oil field at the Caspian Sea in 2014.
9 hydrocarbons production contracts terminated in 2013As of today there are 199 contracts for hydrocarbons production, with 171 of them containing certain requirements to the share of locally produced products/services and the share of local work force.
Oil prices up on escalating South Sudan violenceCrude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season.