Brent oil price exceed $ 43 per barrel on ICE Exchange in London MOSCOW. KAZINFORM The cost of a September futures for Brent crude oil on the ICE exchange in London rose by 2.86% to the closing level of the previous session and reached $43.23 per barrel, according to trading data at 9:28 pm Moscow time.
EBRD ensures sustainable operations of KazTransGas NUR-SULTAN. KAZINFORM - Kazakhstan's drive towards a low-carbon and climate-resilient economy by cutting the use of coal-fired power stations and reducing greenhouse gas emissions by up to 25 per cent by the end of 2030 will receive a boost following the approval of a new financing facility from the European Bank for Reconstruction and Development (EBRD) to KazTransGas, the operator of the national gas transportation system, ebrd.com reports.
Gush of oil appears at exploration block in Mangistau rgn MANGISTAU REGION. KAZINFORM – The first gush of oil appeared in the course of geological exploration at the Bekturly Vostochny exploration block in Mangistau region, Kazinform reports with the reference to the press service of KazMunayGas JSC.
In 2nd half of 2020, Kazakhstan to continue to reduce oil production NUR-SULTAN. KAZINFORM - Government of the Republic of Kazakhstan adopted a Decree «On Introducing Temporary Restrictions on the Use of Subsoil Sites for Medium, Large and Gigantic Fields Proportionally to Export Volumes,» Kazinform has learnt from primeminister.kz.
Brent oil price falls below $38 per barrel at ICE in London MOSCOW. KAZINFORM - The cost of an August futures for Brent crude oil on the ICE Exchange in London accelerated the decline and fell to $37.94 per barrel, which is 9.1% down since the closure of the previous trading session. This is according to the data as of 7:29 pm Moscow time.
Global oil consumption to fall by $1 trillion in 2020 due to pandemic, experts say MOSCOW. KAZINFORM Consumers’ oil expenses will drop by $1 trillion in 2020 to $2.5 trillion as a result of the pandemic-related quarantine measures globally, the International Energy Agency (IEA) wrote in its report on energy investment on Wednesday.
Gas transit from Russia to Europe via Poland stopped MOSCOW. KAZINFORM - Gas transit via the Yamal-Europe pipeline from Russia through Belarus and Poland to Germany has been brought down to zero on Tuesday. According to the results of the previous auction, the Polish section of the pipe was booked only by 3.7% on Tuesday. This is according to the data of operators of European gas pipelines.
Karachaganak field imposed quarantine due to coronavirus NUR-SULTAN. KAZINFORM - Chief State Sanitary Docotr of West Kazakhstan region, Muhamgali Aryspayev, has adopted a decree on the introduction of quarantine measures on the territory of the Karachaganak oil and gas condensate field, Kazinform correspondent reports.