Kazakhstan is making the international oil majors twitchy by saying it may impose a crude oil export duty as soon as mid-2008 to stabilise supplies on the domestic market.
According to the Deputy Energy Minister Lyazzat Kiinov, the government is due to discuss the energy ministry’s draft proposals tomorrow, and set a date for sometime in […]

Platform, the oil industry watchdog, is today publishing a report that argues that Kazakhstan is missing out on up to $20bn of revenues over the next decade as a result of the problems at the vast Kashagan oilfield.
Kazakhstan agreed surprisingly generous terms in its 1997 contract with international oil companies for developing the field, prompting […]

Kazakhstan has imposed a fine of more than half a billion dollars on an oil consortium led by Chevron, in a move that threatens to worsen the investment climate in the resources-rich Central Asian republic.
The fine for ecological violation at the Tengiz oilfield comes after the Kazakh government imposed a fine and stopped work at […]

On Monday, the Moscow Times ran a story on one of the most watched projects in the Caspian region. Kashagan, an offshore oil project in the Kazakh sector of the Caspian Sea, is the largest oil field to have been discovered anywhere in the last 30 years, with an estimated 38 billion barrels of oil.
According […]

China is undertaking a buying spree of oil and gas assets in oil rich Kazachstan. A year and a half ago, China’s state oil company CNPC became the main shareholder of PetroKazakhstan in a $4.2bn deal.
From petrol stations to refineries and now even a 1,000km (620 mile) long pipeline, the first one ever to go […]