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Central bank to keep its stake as Kazakh oil major plans IPO

  Bloomberg The era of quantitative easing and emergency measures has left central banks with trillions in assets. In the case of the National Bank of Kazakhstan, it ended up with 10 percent in the country’s state oil company. Even as KazMunayGas National Co. prepares an initial public offering by 2020, the central bank will “stay a shareholder” and the ...

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Pemex production at Mexico refineries up

  Bloomberg Pemex is producing more gasoline and diesel at its six refineries across Mexico, reducing fuel imports and leaving less oil available for export. In the first three months of the year, Mexico’s refineries processed 21 percent more crude than a year earlier, according to a company presentation. The increase has largely come from crude that was previously being ...

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Petronas new LNG facility to be operational in 2020

  KUALA LUMPUR / Reuters Malaysian state-owned oil firm Petroliam Nasional Bhd said on Sunday its second floating liquefied natural gas (LNG) facility will be operational in 2020. Petronas loaded its first cargo from the Petronas Floating LNG (PFLNG) 1 in east Malaysia last month, becoming the first company to produce LNG from a floating production unit. The second one ...

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