• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 18 hours America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
Editorial Dept

Editorial Dept

More Info

Central Asia Energy Advisor

This week in Central Asia we are concerned about continued delays in production in Kazakhstan’s supergiant Kashagan; Gazprom’s solidification of control over the energy sector in Kyrgyzstan and an emerging political crisis in Uzbekistan that will bode ill for foreign investors who require high-level alliances to operate in this corrupt environment.

KAZAKHSTAN

•    The last week of December saw Russia and Kazakhstan sign an intergovernmental agreement on oil transport from Russia to China via Kazakhstan.

•    Kazakhstan re-imposed a temporary ban on the export of some petroleum production, which took effect on 1 January 2014. The temporary export ban is on light distillates, kerosene, gas oil and other petroleum products in order to prevent a critical shortage of oil products and a price spike in Kazakhstan.  Special gasoline products and domestic heating oil are exempted from the ban. The ban was originally implemented in January 2013 for six months, so this will be the second time the ban was extended, for another six-month period.

•    On 25 December, Kazakhstan announced plans to increase oil production up to 83 million tons for 2014. This does not include oil production from the supergiant Kashagan oil field where recoverable reserves are estimated at 11 billion barrels, with over 1 trillion cubic meters of natural gas reserves.

•    OPEC predicts…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News