Kanat Bozumbayev

What to expect after July OPEC+ summit?

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 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 …

Kazakhstan plans to cut oil production by 300,000 bpd

Kazakhstan plans to cut oil production by 300,000 bpd

Kazakhstan's Energy Minister Kanat Bozumbayev announced the country's intention to cut oil production in April by 300,000 barrels per day due to scheduled maintenance work at the Kashagan, Karachaganak and Tengiz …

Kazakhstan does not want to reduce oil production

Kazakhstan does not want to reduce oil production

Energy Minister says Kashagan would produce some 200,000 bpd in H2 2018, and then possibly 300,000 bpd by year-end. “Today, our daily production rate is 1.8 million barrels…we are not …

Kazakh Energy Ministry intends to ease OPEC + deal

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 …

Kazakhstan looks to Azerbaijan for gas transit

Kazakhstan looks to Azerbaijan for gas transit

Kazakhstan is exploring options with Azerbaijan on finding new export outlets for its mounting natural gas production as an alternative to existing routes to the international market

Kazakhstan and US developing strategic energy cooperation

Kazakhstan and US developing strategic energy cooperation

US Deputy Secretary of Energy Dan Brouillette said that a regular strategic energy dialogue will be launched between the US and Kazakhstan. "I am glad that we agreed to strengthen our cooperation and launch a …

 OPEC+ Committee to meet in Russia for first time

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 ready for talks on extending oil output cuts

Kazakhstan ready for talks on extending oil output cuts

Kazakhstan is ready to hold talks with OPEC on extending global oil output cuts into the second half of this year, Kazakh Oil Minister Kanat Bozumbayev said. He noted Kazakhstan aimed to cut crude output further in May …

 Kazakhstan to stop buying oil in 2019

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 …