Oil and Gas Sector

08.07.2020

Kazakhstan is looking for investment in exploration

The Ministry of Ecology, Geology and Natural Resources of Kazakhstan expects to attract over $2 billion of foreign investments for the development of exploration in Kazakhstan.

The Ministry, together with IHS Markit, is developing a marketing strategy that will help attract large foreign investors to Kazakhstan’s geological exploration.

The main mineral resource...

The Ministry of Ecology, Geology and Natural Resources of Kazakhstan expects to attract over $2 billion of foreign investments for the development of exploration in Kazakhstan.

The Ministry, together with IHS Markit, is developing a marketing strategy that will help attract large foreign investors to Kazakhstan’s geological exploration.

The main mineral resource...

08.07.2020

Kazakhstan discusses a ban on the import of gasoline and diesel fuel

Over the 5 months of 2020, the country produced 1.8 million tonnes of gasoline, including aviation, which is 11.8% more than in January-May last year. Diesel fuel production, by contrast, fell by 8.3% year-on-year to 1.8 million tonnes.

The largest volume of gasoline output fell to Shymkent at 781.5 thousand tonnes,...

Over the 5 months of 2020, the country produced 1.8 million tonnes of gasoline, including aviation, which is 11.8% more than in January-May last year. Diesel fuel production, by contrast, fell by 8.3% year-on-year to 1.8 million tonnes.

The largest volume of gasoline output fell to Shymkent at 781.5 thousand tonnes,...

08.07.2020

Results of the 1H2020: oil drops by 38% and tenge decreases by 6%

The first half of 2020 was full of dramatic events, but by the end of the period it became clear that in the final, most likely, there would be a happy ending, and not a widespread economic depression. By tradition, the whole movement began with oil, which from the first...

The first half of 2020 was full of dramatic events, but by the end of the period it became clear that in the final, most likely, there would be a happy ending, and not a widespread economic depression. By tradition, the whole movement began with oil, which from the first...

08.07.2020

Urals, CPC blend post price corrections as refiners show caution

Premiums for Mediterranean oil grades over dated Brent have eased in the past few days as European refiners turn to cheaper alternatives to Russian Urals and other crudes, traders said.

The price differential for Russia’s Urals oil surged well above $2 per barrel a week ago after the loading plan for...

Premiums for Mediterranean oil grades over dated Brent have eased in the past few days as European refiners turn to cheaper alternatives to Russian Urals and other crudes, traders said.

The price differential for Russia’s Urals oil surged well above $2 per barrel a week ago after the loading plan for...

08.07.2020

Urals holds position due to drop in Brent price as demand dwindles

Kazakhstan’s benchmark Urals oil’s differentials eased further in Mediterranean on Tuesday as sellers struggled to place prompt cargoes amid a lack of demand.

European refiners decided to turn to alternatives in July as they expected a shortage of supply in the Mediterranean.

Litasco offered 80,000 tonnes of Urals loading on July 17-21...

Kazakhstan’s benchmark Urals oil’s differentials eased further in Mediterranean on Tuesday as sellers struggled to place prompt cargoes amid a lack of demand.

European refiners decided to turn to alternatives in July as they expected a shortage of supply in the Mediterranean.

Litasco offered 80,000 tonnes of Urals loading on July 17-21...


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