KazMunayGas

Kazakh oligarch Daniyar Abulgazin, known as “Hurrem” by his adversaries, has earned this nickname after the Ottoman sultana who rose from being Suleiman the Magnificent’s concubine to his lawful wife and a powerful ruler of the palace. This comparison suggests that Abulgazin, like Hurrem, can manipulate any situation to achieve his goals.

Speculations are rife about the potential buyer for Lukoil Neftohim Burgas refinery, with Azerbaijani state oil company SOCAR emerging as the primary contender, as reported by Trud newspaper.

Kazakhstan on Thursday temporarily banned imports of cheap Russian diesel fuel and petrol to avert surplus and keep its own oil refineries running.

According to Deputy Minister for Energy Magzum Mirzagaliyev, the ban will be in force for the next 45 days.

KMG International, owner of the Zalau-based producer of cast iron and steel industrial fittings Rominserv Iaifo Valves, plans to sell this asset to a partner interested in continuing the production activity; company representatives assured that the divestment decision will not imply layoffs or other restructuring moves.