Oil factor in economies of Azerbaijan and Kazakhstan
Moody's: Kazakhstan more resilient than Azerbaijan in adjustment to lower oil prices
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 …
Kazakh Energy Minister: reducing oil output not on our agenda
Work to bring onstream the Kashagan oil field in Kazakhstan is going normally and some crude has already been processed and put in storage, the Kazakh Energy Minister Kanat Bozumbayev said. Bozumbayev also said that …
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 …
Kashagan to increase oil production in Kazakhstan to 70.5 million tons
Repair work at Kashagan oil field is carried out ahead of schedule in order to start oil production in October 2016, the Energy Minister of Kazakhstan, Kanat Bozumbayev, said at the meeting of the government 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. …
The price of oil has adversely affected the economy of Azerbaijan, Ilham Shaban says
The Director of the Oil Research Center, Ilham Shaban, spoke about how Azerbaijan copes with the economic problems caused by the fall in oil prices. …
Why do Azerbaijan and Kazakhstan expect a decline in oil production?
At the same time, growth will continue in Russia, Iran, and Turkmenistan
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 …
Kazakhstan shares its plans for 'Central' and 'Khvalynskoe' fields
Ministry of Energy of Kazakhstan shared its plans for the 'Central' and 'Khvalynskoe' oil and gas fields in 2016. In the first case, Astana expects to receive permission from Moscow for subsoil use, after which the …
Kashagan plans to resume oil production by end of 2016
The Vice-Minister of Energy of Kazakhstan, Magzum Mirzagaliev, said that oil extraction at Kashagan will be resumed at the end of 2016. Oil extraction at Kashagan was stopped in September 2013 due to gas leakage in the ...
Kazakhstan bans exports of petroleum products from outside EEU boundaries
Kazakhstan has temporarily banned exports of petroleum products beyond the customs area of the Eurasian Economic Union. The corresponding order has been signed by Kazakhstan’s Energy Minister Vladimir Shkolnik. It ...
Kazakhstan hopes to make money from Kashagan Field in early 2017
Kazakhstani Prime Minister Karim Massimov expressed hope at the parliament that the Kashagan Field set for launch in late 2016 will become rentable already in early 2017, Sputnik Azerbaijan reports. He reminded that the field
