Kazakhstan oil

Kashagan oil field operating normally

Work to bring onstream the giant Kashagan oil field in Kazakhstan is going normally and some crude has already been processed and put in storage, Kazakh Energy Minister Kanat Bozumbayev said. Four wells were …

Azerbaijan and Kazakhstan to lay new oil pipeline

Azerbaijan and Kazakhstan are planning to lay new Eskene-Kuryk-Baku oil pipeline with a length of 739 kilometers, Azerbaijani Energy Minister Natig Aliyev said. He noted that Kazakhstan has huge proven reserves of …

Kazakhstan has no plans to limit its oil production

Kazakhstan has no plans to join the initiative of Russia and a number of OPEC countries to freeze oil production at the level of January 11 and does not take any administrative measures to reduce the level of oil production, the Deputy Minister …

Nazarbayev sets task to stop importing oil products

Kazakh President Nursultan Nazarbayev has set the task to fully meet the internal market’s demand for domestic oil products - gasoline, diesel fuel, jet fuel and gas by 2018, the press service of the president said. …

Cheap oil is impetus to modernization of Caspian region

The catastrophic drop in oil prices actively promotes the development of the real sector of economies of the countries of the Caspian region, Russian, Azerbaijani and Kazakh experts said today during discussion of the economic future in the …