Oil and Gas Sector

05.07.2022

Supply of Russian oil to China grows rapidly at Kazakhstan’s expense

The event was attended by the head of Argus Caspian Markets & Caspian Transportation Rauf Huseynov. Speaking to the audience, he said that China remains one of the most interesting oil markets for Kazakhstan. However, Kazakh oil began to be gradually forced out of China by cheaper Russian oil.

“One of...

The event was attended by the head of Argus Caspian Markets & Caspian Transportation Rauf Huseynov. Speaking to the audience, he said that China remains one of the most interesting oil markets for Kazakhstan. However, Kazakh oil began to be gradually forced out of China by cheaper Russian oil.

“One of...

05.07.2022

Lukoil plans to commission three new fields in Caspian by 2031

Lukoil plans to start commercial production at the Caspian field by 2031. This is stated on the website of the State Duma Committee on Energy.

As part of the implementation of the program for the integrated development of the Northern Caspian, Lukoil-Nizhnevolzhskneft plans to put into operation the field named after...

Lukoil plans to start commercial production at the Caspian field by 2031. This is stated on the website of the State Duma Committee on Energy.

As part of the implementation of the program for the integrated development of the Northern Caspian, Lukoil-Nizhnevolzhskneft plans to put into operation the field named after...

05.07.2022

KazMunayGas helps unemployed residents of Mangystau region find employment in Tatneft

In order to maintain social stability in the region of presence, NC KazMunayGas, together with the Administration of the Mangystau Region and Tatneft, continue to work on the employment of unemployed residents of the region for Tatneft projects in Tatarstan.

It should be noted that meetings have already been held with...

In order to maintain social stability in the region of presence, NC KazMunayGas, together with the Administration of the Mangystau Region and Tatneft, continue to work on the employment of unemployed residents of the region for Tatneft projects in Tatarstan.

It should be noted that meetings have already been held with...

05.07.2022

Brent holds on top of $111/b as demand concerns match supply constraints

Oil edged lower on Monday as fears of a global recession that would hit demand overshadowed concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia.

Figures on Friday showed Euro zone inflation hit yet another record high in June, firming the case for rapid European...

Oil edged lower on Monday as fears of a global recession that would hit demand overshadowed concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia.

Figures on Friday showed Euro zone inflation hit yet another record high in June, firming the case for rapid European...

05.07.2022

Bulls dominate Eurasian natural gas price settings

Dutch and British wholesale gas prices continued to firm on Monday morning amid concerns about pipeline supplies from Russia and Norway as well as liquefied natural gas (LNG) shipments.

The Dutch day-ahead wholesale contract was up 0.50 euro at 148.50 euro per megawatt hour (MWh) by 0839 GMT, and the benchmark...

Dutch and British wholesale gas prices continued to firm on Monday morning amid concerns about pipeline supplies from Russia and Norway as well as liquefied natural gas (LNG) shipments.

The Dutch day-ahead wholesale contract was up 0.50 euro at 148.50 euro per megawatt hour (MWh) by 0839 GMT, and the benchmark...


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