NEWS
Kazakhstan - October 17, 2023
Sinopec has signed an agreement with state-owned KazMunayGas for a 30% stake in a planned polyethylene facility in Kazakhstan, the Chinese energy giant announced on…
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Back toour markets
Kazakhstan Overview
in figures
Oil Reserves30 billion barrels
Oil Production1,81 millon bopd
Gas Reserves2.3 tcm
Gas Production32 bcm
Kazakhstan: Refine and Expand
Kazakhstan holds an estimated 30 billion barrels of oil reserves, along with 1.1 tcm (38.8 tcf) of natural gas. It is among the top 15 countries based on the size of its oil reserves. The majority of Kazakhstan’s hydrocarbons reserves are located in the regions of Kashagan, Tengiz and Karachaganak.
To reach its potential as a global energy player, Kazakhstan is working to maintain a fine balance between the economic interests of its two powerful neighbours, Russia and China. Chinese energy demand continues to surge upwards and will consume Kazakhstan’s robust hydrocarbons output for the foreseeable future.
NEWS
Multinational - March 04, 2024
Several OPEC+ members have extended voluntary oil production cuts of 2.2 million bpd into Q2 2024.
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NEWS
Uzbekistan - February 02, 2024
Condor Energies has signed a deal to take over eight producing gas-condensate fields in Uzbekistan.
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NEWS
Saudi Arabia - January 30, 2024
Saudi Aramco has received orders from the government to set its maximum sustainable capacity to 12 million bpd.
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NEWS
Multinational - January 18, 2024
Both OPEC and the International Energy Agency (IEA) have forecast a rise in global oil consumption in 2024, Reuters reported on Thursday.
The IEA has raised its…
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Interview
- December 13, 2023
Huseyn Tarek, regional president of INTECH Process Automation, talks to The Energy Year about digitalisation in industrial plant management, how automation systems…
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NEWS
Multinational - December 01, 2023
OPEC+ members have agreed to oil production cuts totaling 2.2 million bopd for early 2024, the oil and gas organisation announced on Thursday.
The cuts are being…
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NEWS
Kazakhstan - October 16, 2023
Kazakhstan has set plans for a third oil and gas bid round in 2023, Upstream Online reported on Friday.
The round will include four fields and 14 acreages in…
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NEWS
Kazakhstan - June 21, 2023
Kazakhstani NOC KazMunayGaz and Rosneft Deutschland have signed an agreement to deliver 733,000 barrels of oil per month until the end of 2023 to a refinery in Germany,…
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NEWS
Kazakhstan - June 12, 2023
Eni has decided to build a 250-MW hybrid renewables-gas plant in Zhanaozen, Kazakhstan, the Italian energy giant announced on Thursday.
Eni will partner with…
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