German engineering firm Siemens says Russia clandestinely delivered several of its turbines to Crimea
The International Atomic Energy Agency (IAEA) has signed contracts to purchase low-enriched uranium (LEU) to start operation of a Low-Enriched Uranium Bank in Kazakhstan in 2019.
Germany still wanted to ensure Ukraine would remain a transit country for gas from Russia to Europe.
At the center of the recent slowdown in crude oil prices, Washington’s moves on the international geopolitical chessboard, the confrontation with OPEC and the movements of constant rapprochement between Russia and China
The Bulgarian and Serbian route will reportedly go online in 2020, followed by Hungary in 2021 and Slovakia in mid-2022.
Vice Minister of Energy Mirzagaliyev affirmed Kazakhstan’s support for extending OPEC+ output cuts in 2019.
The two countries are using the Baku-Tbilisi-Ceyhan (BTC) pipeline, a 1,768-km trans-Caspian export pipeline opened in 2005.
Ministers from the so-called OPEC+ group, which brings together Russia, Saudi Arabia and other oil-producing nations, will meet in Abu Dhabi next week, ahead of a key summit scheduled for early December in Vienna.
“The relevant documents were prepared today. We sent them to our colleagues in Kyrgyzstan and the vice minister will go there this week,” said Bozumbayev.
The main reasons for the rise in oil prices are the collapse of Lybia’s and Venezuela’s output along with the economic measures imposed against Iranian crude exports. Looking at country data, China and India are still the key drivers
This year, Kazakhstan has increased oil production 6 percent, gas production 6.4 percent and electricity production 7.3 percent
Industrial investments reached 2.1 trillion tenge (US$6.1 billion) in the first five months of the year, increasing by 44.2 percent
The announcement a few hours after the Putin Trump meeting in Helsinki
In addition to the positive trend, the Vienna agreement has allowed Russia and Saudi Arabia to achieve two fundamental objectives: higher production and consequently higher income
Plans are underway to complete a $242 million, 100MW wind power plant near the capital
Among the main factors driving the recent price increases, many geo-political developments, such as the new US sanctions against Teheran, the decrease in American stocks and the case of Venezuela
Kazakhstan is consulting other producers on the potential easing of a 2016 oil output reduction agreement between the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members, Kazakh Energy Minister Kanat Bozumbayev said
Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter
The Balkan nation currently gets Russian natural gas by transit through Ukraine and other Gazprom customers in Europe
In April, oil prices strongly increased in the wake of the OPEC/non-OPEC deal cuts. Certainly, the rebalancing of the oil market is close to be achieved
