Oil and Gas Sector

21.01.2022

Kazakhstan and Russia jointly develop chemical industry

The Samruk-Kazyna Fund signed an agreement with the Russian Sintez-Capital and RUSNANO Management Company on co-investment in the amount of 14 billion rouble to create a platform and jointly implement chemical projects in Kazakhstan and Russia, the fund's press service reports.

The new platform will allow the funds to jointly launch...

The Samruk-Kazyna Fund signed an agreement with the Russian Sintez-Capital and RUSNANO Management Company on co-investment in the amount of 14 billion rouble to create a platform and jointly implement chemical projects in Kazakhstan and Russia, the fund's press service reports.

The new platform will allow the funds to jointly launch...

21.01.2022

Kazakh main oil province calculates damage inflicted by riots

In the Atyrau region, Kazakhstan’s core oil production centre, they calculated the preliminary damage that was caused to the region during the riots. According to the regional finance department, the work of the damage calculation commission continues, but there are preliminary data. According to these data, losses are estimated at...

In the Atyrau region, Kazakhstan’s core oil production centre, they calculated the preliminary damage that was caused to the region during the riots. According to the regional finance department, the work of the damage calculation commission continues, but there are preliminary data. According to these data, losses are estimated at...

21.01.2022

Bumi Armada to sell three ice-class vessels to Lukoil

Malaysian FPSO specialist and offshore support vessel owner Bumi Armada has decided to sell its icebreaking vessels operating in the Caspian Sea for Lukoil, in line with its plan to exit the offshore marine service business.

Bumi Armada said Wednesday that its board of directors had agreed to sell subsidiaries owning...

Malaysian FPSO specialist and offshore support vessel owner Bumi Armada has decided to sell its icebreaking vessels operating in the Caspian Sea for Lukoil, in line with its plan to exit the offshore marine service business.

Bumi Armada said Wednesday that its board of directors had agreed to sell subsidiaries owning...

21.01.2022

GLOPEC seen unable solve oil market challenges amid scarce energy investment

OPEC+ can’t solve current oil market challenges alone because the world needs more energy investments to avert future oil price hikes that may impact global economic growth, the UAE’s energy minister said Jan. 19.

The world needs more investments in various crudes from around the world, international oil companies working in...

OPEC+ can’t solve current oil market challenges alone because the world needs more energy investments to avert future oil price hikes that may impact global economic growth, the UAE’s energy minister said Jan. 19.

The world needs more investments in various crudes from around the world, international oil companies working in...

21.01.2022

Brent dips below $88/b on relief for short-term needs

Oil prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits.

Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152...

Oil prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits.

Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152...


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