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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The Asian Development Bank (ADB) has approved a $240.3-million

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Eni reports first oil from giant Kashagan field in North Caspian Sea

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The oilfield is located in the North Caspian Sea, approximately 80 kilometers (50 miles) southeast of Atyrau, in Kazakhstan. Considering the size, the specifications, the environmental and logistical characteristics, Kashagan is also one of the most complex and challenging industrial projects worldwide, Eni said.

Oil 218
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The 450 Scenario works back from the international goal of limiting the long-term increase in the global mean temperature to two degrees Celsius (2 °C) above pre-industrial levels, in order to trace a plausible pathway to that goal. Natural gas also plays a growing role in the transport sector, its share rising from 3% to 4%.

Oil 247