Powerexpo - News Blog

Oil retreats after hitting 2015 highs

Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that were driven by tightening supply and political tensions in OPEC member Iran. US West Texas Intermediate (WTI) crude futures were at $61.40 a barrel by...

Tethys Petroleum Ltd.: Republic of Kazakhstan Supreme Court suspension of EGG claims

Tethys Petroleum Limited (TSX: TPL) ("Tethys" or the "Company") today announces an update on legal matters in Kazakhstan. On December 29, 2017 the Republic of Kazakhstan Supreme Court ("Supreme Court") ruled to suspend the execution of claims made by Eurasia Gas Group LLP ("EGG") against the Company's...

Med Crude-Urals falls in north amid Forties return

Kazakhstan’s benchmark Russian Urals crude’s differentials fell in the Baltic on Friday after a brief upswing, as the return of North Sea Forties crude this week weighed on the grade that can be used as an alternative. The 3-week halt in Forties loadings due to the pipeline shutdown had...

China increases gas imports from Central Asia in 2017

Through the year 2017, China received 38.7 billion cubic meters of natural gas via the Central Asia-China gas pipeline, which is 13.37 percent more than last year, said a pipeline operator company in Khorgos city (Xinjiang-Uygur Autonomous Region, North-West China). The Central Asia-China gas pipeline...

Caspian hydrocarbon projects and transport dreams under the eyeglass

The draft convention of the final agreement on the legal status of the Caspian Sea that was discussed in Moscow on December 5 implies, inter alia, construction of underwater pipelines. If accepted, a consensus from all littoral states to allow underwater construction will no longer be required, except...

Eni’s subsidiary gets 50 pct of mineral rights in Isatay oilfield

Kazakhstan’s state company Company KazMunayGas (KMG) has transferred 50 percent of Isatay block mineral rights to Eni Isatay B.V., Kazinform correspondent reports. According to KMG's statement on the Kazakhstan Stock Exchange website dated December 22, 2017, the company closed a deal to transfer...

EEU countries still not agreed provisions on single oil and gas market

“As of December 2017, some provisions on the program for the formation of a single oil and gas market of the Eurasian Economic Union of a fundamental nature remained unagreed,” a review of the results of Belarus’ foreign policy for 2017, published on the website of the Foreign Affairs...

Work to create common energy markets in Eurasian Economic Union to continue in 2018

Work to prepare the creation of common energy markets will continue in 2018. Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Igor Petrishenko made the statement on the air of the TV channel BelRos. The diplomat noted that a lot of work needs to be done to advance Belarus' relations...

About 14,000 tons of benzene exported from Atyrau refinery

The Atyrau oil refinery became the first in Kazakhstan to supply benzene - a raw material for petrochemicals - for export, Kazinform reported. “In the past 2017, as many as 8,951 tons of benzene or 104 percent of the planned amount was produced. Since the beginning of the production of benzene,...

Two solar and wind power stations to be built in Mangistau

In Akshukur, Mangistau province, it is planned to build a 5 MW wind farm, in the Batyr village - a solar power plant with a capacity of 7 MW. The projects are expected to be implemented in the first quarter of 2018, Kazpravda.kz reports with reference to the press service of the Mangistau region governor. Also...

«Энергетика, Электротехника и Энергетическое машиностроение»

«Атомная энергетика и промышленность»

"Energy, Electrical Equipment and Machine Building"

"Nuclear Energy and Industry"