Global refining margins were generally stronger across the board last week, with crude prices tumbling on coronavirus related demand cuts in China creating a knock on effect on global supply and deman
According to the Oil & Gas Journal (OGJ), Kazakhstan had proved crude oil reserves of 30 billion barrels as of January 2014—the second largest endowment in Eurasia after Russia, and the twelfth ...
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Under a swap deal concluded in 1998, Kazakhstan's national oil company, Kazakhoil, began delivering oil from its western fields to Samara, where it entered the Russian oil pipeline network, in return for crude supplies from Siberia to the refineries in eastern Kazakhstan.
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Under the strategy up to 2025, Kazakhstan also plans to expand its refining and petrochemical infrastructure to produce high-quality oil and petchem products. To ensure crude refining is profitable, authorities are considering changes to the export duty and excise for various oil products, it said, without elaborating.
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In other words, refining margins are likely to improve with a dip in prices for its raw material, i.e. crude oil. The downstream refining and marketing companies tend to get a major portion of ...
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TCO is developing the Tengiz and Korolev crude oil fields in western Kazakhstan. Net daily production in 2025 averaged 269,000 barrels of crude oil, 387 million cubic feet of natural gas and 19,500 barrels of natural gas liquids. All of TCO’s crude oil production was exported through the CPC pipeline.
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Platts Crude Oil helps to develop, connect & explain the market price of crude oil products. Discover how you can access our oil prices, news & analysis.
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As it stands today, the demand for oil is still growing. A tighter crude oil market will likely keep a floor under prices, or even drive them up further. Crude Oil Doesn’t Paint a Pretty Picture for Global Consumers. It is no secret that the Northern Hemisphere tends to use more crude oil in the warmer months. This year consumers will be ...
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While the impact of the coronavirus remains strong in China, its effect outside the country appears to abating. Refining margins strengthened as refined product price declines were outpaced by falling crude prices. Refined product demand in China was stymied by declines in transport activity, creating product builds in regional markets and
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“A quarter of a century has passed since we gained control over large oil fields, and still Kazakhstan’s wellbeing depends on prices for the black gold. What we call our boon might play tricks
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1 day Oil-Dependent Kazakhstan Faces Recession As Price Bad News For Oil: Refinery Profits Are Sliding By Alex Kimani Jan 13, 2020, 7:00 PM CST. Join Our Community. After a short-lived, half
Get PriceLONDON- The price of Kazakhstan's CPC Blend crude oil dropped to a record low as global refineries rein in operations and favour grades with lower yields of gasoline and jet fuel. Japan's Inpex sold an April loading cargo of the light grade this week at a discount between $9 and $10 a barrel to
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2017-11-18· Despite being the second-largest oil producer and exporter in the former Soviet Union, only behind Russia, Kazakhstan has been historically plagued by chronic deficits of fuel for domestic
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Notes: ExxonMobil will expand the turnaround time on the large crude unit at its Beaumont, Texas, refinery from 40 days to 80 days as the COVID-19 pandemic cuts demand for refined products, a source familiar with refinery operations said Monday.
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2025-11-11· Two of the world’s most important grades of crude -- Saudi Arabia’s Arab Light and Russia’s Urals -- would lose oil refineries money in key processing regions, and new rules to
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2020-01-22· Kazakhstan has suspended its oil exports to China after contamination was found in crude supplied by a Kazakh producer less than a year after a 'dirty oil' crisis broke in neighbouring Russia.
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2020-04-02· Asian refiners have called on Saudi Arabia to slash the official selling prices (OSP) of its crude for a third straight month in May, after Middle East benchmarks and refining
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2020-03-18· However, given that crude oil demand growth could slow further due to the growing popularity of EVs, the bankruptcy of several companies is unlikely to lead to a surge in oil prices. Refining
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2015-05-12· The Atyrau Refinery modernisation project is being implemented in three phases by KazMunaiGas and is set for completion in 2015. On completion, the project will enable the refinery to increase crude oil refining capacity to five million tonnes a year and achieve an output that conforms to Euro-5 standards.
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The crack spread is an oil industry term that refers to the difference in price between where a refinery buys raw crude oil and sells the petroleum products it makes from this oil. The spread is
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Despite producing 1.74 million barrels of crude per day, Kazakhstan has long imported oil products from its former Soviet-era master Russia due to the past lack of refining
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Refineries are facing a dynamic business environment with volatile crude prices, higher demand for lighter products, and tightening product legislation and emission standards. Shell Catalysts & Technologies’ licensed technologies help refiners increase capacities, take advantage of opportunity crudes, and meet stringent specifications across all refinery processes.
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2020-03-31· General view of oil tanks and the ConocoPhillips' Bayway Refinery in Linden, New Jersey March 30, 2020. ― Reuters pic. WASHINGTON, March 31 ― Physical crude prices slumped worldwide yesterday, falling faster than comparable benchmark futures as merchants offered big discounts on shipments and the market braced for a flood of oil from Saudi Arabia and Russia.
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Crude Oil Production in Kazakhstan increased to 1949 BBL/D/1K in December from 1937 BBL/D/1K in November of 2025. Crude Oil Production in Kazakhstan averaged 1189.15 BBL/D/1K from 1994 until 2025, reaching an all time high of 1958 BBL/D/1K in February of 2025 and a record low of 407 BBL/D/1K in November of 1995. This page provides the latest reported value for Kazakhstan Crude Oil Production
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All news . Main / Economy / Markets / Kazakhstan mulling privatization of oil refineries 02 october 2015, 13:12. 0. Photo courtesy of RIA Novosti. All the three Kazakhstan-based oil refineries located in Shymkent, Pavlodar and Atyrau might be privatized in Kazakhstan, Daniyar Berlibayev, Vice Chairman of the Board at KazMunaiGas, said on the sidelines of Kazenergy forum. “The country’s
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The Argus Caspian Markets service includes a weekly report on the crude and oil products markets of the Caspian region and central Asia. Our publication features price assessments for key crudes and oil products in the region, freight rates and export destinations, as well as news and analysis of crude and oil products markets.
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2017-09-25· Changing quality mix is affecting crude oil price differentials and refining decisions . Posted September 25, 2017. Growth in global liquid fuels supply since March 2017 has been driven by
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The Shymkent oil refinery was set up in the 1970s and used to be one of the three biggest refineries in Kazakhstan. The CNPC invested in the oil refinery starting 2005 and has the equal right for
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The Atyrau refinery, meanwhile, lies close to oil fields in western Kazakhstan and therefore refines locally produced crude. The national oil company, which participates in the operation of the fields, increased its stake in the Atyrau refinery from 41 % to 86 % by buying out the Swiss shareholder Telf. The move was part of Kazakhoil's strategy
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crude oil price history wti, equipments used in oil refineries On April 17, 2014 By admin how do you get natural gas, crude oil price history wti,Petroleum Equipment works hard every day to be the best distributor with a wide variety of the highest quality petroleum fueling equipment available.
Get Price2017-08-14· Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S.
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They move crude oil from oil fields on land and offshore to refineries where it is turned into fuels and other products, then from the refineries to terminals where fuels are trucked to retail outlets. Pipelines operate 24 hours a day, seven days a week.
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Most refineries in Western Canada are owned by vertically integrated companies, which have crude oil production, refining and product marketing. The refineries in western Canada have access to western Canadian crude oil production and domestic crude oil supplies meet all of their feedstock needs. As shown in Figure 11, refineries in western
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