Kazakhstan

BMI View: The Kazakh authorities' decision to approve a US$4bn loan to state-owned KazMunaiGas - enabling the company to undertake the development of Phase I of Kashagan oil project... 2012-03-05

BMI View: Protests sparked by oil workers grievances in the streets of the Kazakh city of Aktau have escalated in recent days, significantly raising the risks to the industry. Foreign... 2011-12-20

The Kazakh government has finally claimed a stake in the massive Karachaganak gas and condensate field. Despite having had their interests in the project diluted, we believe this is... 2011-12-14

BMI View: The announcement that KazMunaiGaz will launch a US$5.5bn spending spree is a clear sign of Kazakhstan's upstream attractiveness. The company is likely to maintain its current... 2011-10-20

The head of Kazakhstan's Samruk-Kazyna sovereign wealth fund, Timur Kulibayev, told reporters in Astana on October 5 2011 that the state would pay US$700mn-1.1bn for a 10% stake in... 2011-10-06

BMI View: Max Petroleum's 66mn bbl hit highlights the potential of Kazakhstan's untapped resources. However, independents that focus solely on Kazakhstan face the risks inherent to... 2011-09-12

BMI View: Russian refinery runs rose 9.4% y-o-y in June, ending Russian gasoline shortages and allowing exports to distressed central-Asian markets. If the rise is sustained, it could... 2011-08-23

Kyrgyzstan has started rationing gasoline after supplies from its main import partner, the Omsk refinery owned by Russia's state-run Gazprom Neft, were stopped earlier in July 2011.

US major Chevron announced on July 1 2011 the official start of work on the expansion of the Caspian oil pipeline.

Spain's Repsol YPF announced on June 18 2011 that it had signed a memorandum of understanding (MoU) with Russia-focused Alliance Oil to form an upstream joint venture (JV).