Veteran Kazakh Leader Nazarbayev Resigns After Three Decades in Power
ALMATY (Reuters) – Kazakhstan’s President Nursultan Nazarbayev unexpectedly resigned on Tuesday after three decades in power, saying his oil-rich Central Asian nation now needed “a new generation of leaders”. Kazakhstan’s President Nursultan Nazarbayev writes during a televised address to inform of his resignation in Astana, Kazakhstan March 19, 2019. Kazakh …
OPEC Daily Basket Price: Monday, 18 March 2019, Stood at $66.87 a Barrel
Vienna, Austria, 19 March 2019–The price of OPEC basket of fourteen crudes stood at $66.87 a barrel on Monday, compared with $66.91 the previous Friday, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …
Kazakhstan Oil Production to Decline in 2019
Oil production in Kazakhstan will decrease in 2019, said Kazakh Minister of National Economy Ruslan Dalenov, Kazinform correspondent reports. “Oil production will decline by 1.4 million tons YOY or 1.5 percent: 90.4 million tons in 2018 and 89 million tons in 2019. This causes lower growth paces in the mining …
Gazprom Neft signs a tripartite Cooperation Agreement with Politecnico di Torino and the Peter the Great St Petersburg Polytechnic University
Gazprom Neft has concluded a tripartite Cooperation Agreement with Politecnico di Torino* and the Peter the Great St Petersburg Polytechnic University (Polytech) — the signatories to this document being Vladislav Baryshnikov, Deputy CEO for International Business Development, Gazprom Neft; Vitaly Sergeev, Vice-Rector for Research, the Peter the Great Polytechnic University; and Patrizia Lombardi, Pro-Rector, Politecnico …
Kazakhstan will Comply with Promised Oil Output Cuts as Giant Kashagan Field Shuts
Kazakhstan will shut production at its giant Kashagan oil field next month, bringing its production into compliance for the six months of the promised cuts under the OPEC/non-OPEC supply accord, energy minister Kanat Bozumbayev said Sunday. The average production over the six months will meet the commitment, as Kazakhstan will reduce …
OPEC Daily Basket Price: Friday, 15 March 2019, Stood at $66.91 a Barrel
Vienna, Austria, 18 March 2019–The price of OPEC basket of fourteen crudes stood at $66.91 a barrel on Friday, compared with $67.29 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …
“GAZPROMNEFT-THE EAST” IS DEVELOPING GAS TRANSPORTATION INFRASTRUCTURE ASSETS
“Gazpromneft-Vostok” has started the construction of the pipeline, which will send the associated gas from the booster pump station of Archinskoye field on daimou compressor station Urmanskoye field in the Tomsk region. The design capacity of the 18-kilometer gas pipeline will be 250 million m3 of gas per year. The …
OPEC Daily Basket Price: Thursday, 14 March 2019, Stood at $67.29 a Barrel
Vienna, Austria, 15 March 2019–The price of OPEC basket of fourteen crudes stood at $67.29 a barrel on Thursday, compared with $66.60 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …
LUKOIL Supplies 10 Million Tonnes of Oil from Filanovsky Field to CPC System
LUKOIL has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea and onshore pipelines to ship oil ashore. Before oil enters the CPC system and goes on for export, it is delivered …
OPEC: Release Monthly Oil Market Report
OPEC have released their Monthly Oil Market Report and you can read it in full by downloading it HERE