Oil and Gas Sector

09.11.2018

Oil production grows by 7% on-year, oil exports increase by 6% in volume

In 9 months, crude oil production amounted to 57.6 million tonnes, which is 6.5% more than a year earlier.

However, compared to the same period last year, this is a very slight increase, as in January-September 2017, the annual growth was 13%.

In 2017, crude oil production increased by 11.2% year-on-year from...

In 9 months, crude oil production amounted to 57.6 million tonnes, which is 6.5% more than a year earlier.

However, compared to the same period last year, this is a very slight increase, as in January-September 2017, the annual growth was 13%.

In 2017, crude oil production increased by 11.2% year-on-year from...

09.11.2018

Kazakhstan ratifies agreement with Russia on process oil

Deputies of the Senate (upper chamber) of the Parliament of Kazakhstan approved the ratification of the agreement with Russia on determining the status of technological oil in the main oil pipelines Tuymazy-Omsk-Novosibirsk-2 and Omsk-Pavlodar.

This was reported by the Government of Kazakhstan.

The document was previously reviewed and approved by the lower...

Deputies of the Senate (upper chamber) of the Parliament of Kazakhstan approved the ratification of the agreement with Russia on determining the status of technological oil in the main oil pipelines Tuymazy-Omsk-Novosibirsk-2 and Omsk-Pavlodar.

This was reported by the Government of Kazakhstan.

The document was previously reviewed and approved by the lower...

09.11.2018

Kazakhstan to be presented at the meeting of the OPEC + Committee by the Deputy Minister of Energy

At the meeting of the OPEC + Monitoring Committee on November 11 in Abu Dhabi, Kazakhstan will be represented by the Deputy Minister of Energy. This was announced on Thursday, November 8, by the Minister of Energy, Kanat Bozumbayev, Interfax-Kazakhstan reports.

"The deputy will go there. We will listen," K. Bozumbayev...

At the meeting of the OPEC + Monitoring Committee on November 11 in Abu Dhabi, Kazakhstan will be represented by the Deputy Minister of Energy. This was announced on Thursday, November 8, by the Minister of Energy, Kanat Bozumbayev, Interfax-Kazakhstan reports.

"The deputy will go there. We will listen," K. Bozumbayev...

09.11.2018

Oil benchmarks pay the price as economics triumph over politics

Oil neared three-month lows on Thursday, surrendering early gains as investors focused on global crude supply, which is increasing more quickly than many had expected.

Chinese data earlier in the day that showed record oil imports offered some temporary respite to bearishness that has developed in the past couple of weeks...

Oil neared three-month lows on Thursday, surrendering early gains as investors focused on global crude supply, which is increasing more quickly than many had expected.

Chinese data earlier in the day that showed record oil imports offered some temporary respite to bearishness that has developed in the past couple of weeks...

09.11.2018

Gas prices around the North Sea up on wintery weather, Norway supply disruption

British wholesale gas prices rose on Thursday morning due to an outage in Norway and as lower-than-expected temperatures led to higher consumption forecasts.

* Day-ahead gas price up 1.00 pence at 64.00 pence per therm at 0900 GMT.

Gas for within-day delivery was 2.45 pence higher at 65.00 p/therm.

Flows from Norway were...

British wholesale gas prices rose on Thursday morning due to an outage in Norway and as lower-than-expected temperatures led to higher consumption forecasts.

* Day-ahead gas price up 1.00 pence at 64.00 pence per therm at 0900 GMT.

Gas for within-day delivery was 2.45 pence higher at 65.00 p/therm.

Flows from Norway were...


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