Oil and Gas Sector

23.05.2019

Popular AI-95 gasoline depreciates by 5% on-year

Average retail prices for gasoline in Kazakhstan fell slightly. By the end of April 2019, AI-92 gasoline decreased the most, by 8% on-year, up to 148.3 tenge per litre; the cost of a litre of AI-95/96 decreased by 5.3% to 168.8 tenge per litre; the price of one litre of...

Average retail prices for gasoline in Kazakhstan fell slightly. By the end of April 2019, AI-92 gasoline decreased the most, by 8% on-year, up to 148.3 tenge per litre; the cost of a litre of AI-95/96 decreased by 5.3% to 168.8 tenge per litre; the price of one litre of...

23.05.2019

Kazakh oil industry worker takes action against Chinese employer

A private complaint of a citizen of Kazakhstan Baurzhan Yunusov against the former general director of Vostok Oil and Service, a citizen of China Zhang Lichun under Article 152 of the Criminal Code of Kazakhstan Violation of Labour Law of Kazakhstan appeared in the schedule of cases of the Aktobe...

A private complaint of a citizen of Kazakhstan Baurzhan Yunusov against the former general director of Vostok Oil and Service, a citizen of China Zhang Lichun under Article 152 of the Criminal Code of Kazakhstan Violation of Labour Law of Kazakhstan appeared in the schedule of cases of the Aktobe...

23.05.2019

Problems at mature oil fields discussed in Aktau

An international scientific-practical conference “State and Prospects for the Exploitation of Mature Fields” was held in Aktau, which was attended by representatives of the leading oil companies of Kazakhstan, universities from Russia, Azerbaijan, China and France.

In 2018, 160 fields were being developed in Kazakhstan. Oil production in them amounted to...

An international scientific-practical conference “State and Prospects for the Exploitation of Mature Fields” was held in Aktau, which was attended by representatives of the leading oil companies of Kazakhstan, universities from Russia, Azerbaijan, China and France.

In 2018, 160 fields were being developed in Kazakhstan. Oil production in them amounted to...

23.05.2019

Urals’ discount on Brent narrows as sales for June delivery take off

Kazakhstan’s benchmark Urals crude’s oil differentials in northwest Europe eased against dated Brent on Wednesday as buyers expected a big June loading plan from the Baltic ports due to export issues via Druzhba pipeline which remains mostly shut.

Urals crude oil loading in the first ten days of June are expected...

Kazakhstan’s benchmark Urals crude’s oil differentials in northwest Europe eased against dated Brent on Wednesday as buyers expected a big June loading plan from the Baltic ports due to export issues via Druzhba pipeline which remains mostly shut.

Urals crude oil loading in the first ten days of June are expected...

23.05.2019

Oil benchmarks drop as OPEC+ lives up to deal

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States.

However, analysts said oil markets remained tight amid supply cuts by producer group OPEC and allies such as Russia, and...

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States.

However, analysts said oil markets remained tight amid supply cuts by producer group OPEC and allies such as Russia, and...


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