Kanat Bozumbayev

What to expect after July OPEC+ summit?

OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …

Kazakhstan to start export of high-octane gasoline

Kazakhstan plans to begin exporting high-octane gasoline in the second half of June 2019, Kazakh Minister of Energy Kanat Bozumbayev told a government meeting today. According to the minister, 21.7 million tonnes of oil …

Kazakh Energy Ministry intends to ease OPEC + deal

Kazakhstan is holding consultations with non-OPEC countries to ease the OPEC + deal, Kazakh Energy Minister Kanat Bozumbayev said. The most active consultations are being held with Russia, Interfax-Kazakhstan …

 OPEC+ Committee to meet in Russia for first time

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) will hold a meeting in St. Petersburg today to track the implementation of the Vienna deal on oil output cuts. The event is set to give recommendations to the 24 major oil …

 Kazakhstan to stop buying oil in 2019

After the modernization of three Kazakh refineries the refining volume in Kazakhstan will increase to 17.5 million tons by 2019, the country will be fully provided with its own oil products, the Kazakh Energy Minister Kanat …