FSUOGM - Former Soviet Union Oil & Gas

Take-off for new Uzbek aviation fuel producer Saneg JetWhites

EU lowers price cap on Russian oil to $44 per barrel

EU lowers the oil price cap on Russian oil to $44.1 per barrel starting from February 1, 2026, as discounts on Russian crude widen

Reports say Turkmennebit exceeded 2025 oil and gas condensate target by 9%

State Concern Turkmennebit in 2025 produced 4.025mn tonnes of oil and gas condensate, according to Turkmen state media.

Saudi Arabia surpasses Russia in oil production during 2025

Saudi Arabia surpassed Russia in oil production during 2025 with daily output reaching 9.472mn barrels compared to Russia's 9.13mn barrels, as kingdom restored voluntary cuts faster than Moscow.

Kazakhstan to allocate $470mn to 20 geological exploration projects over next three years

Kazakhstan plans to channel KZT 240bn ($470mn) over the next 3 years into a large-scale geological exploration programme covering 20 projects, seismic surveys in underexplored sedimentary basins & the development of modern geological infrastructure.

Kazakhstan appeals to US, Europe to stop drone attacks on its Black Sea oil shipping

Officials feel country unfairly bearing brunt of a battlefront in the Russo-Ukrainian War.