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Kazakhstan Overview

Kazakhstan

in figures

Oil Reserves30 billion barrels

Oil Production1,83 millon bopd

Gas Reserves1.1 tcm

Gas Production27.1 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.

Kazakhstan readies NOC for IPO
NEWS
Kazakhstan - June 28, 2022

Shares in Kazakhstan’s NOC, KazMunayGas, will be placed on local stock exchanges in 2022, state holding firm Samruk-Kazyna…

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Articles
Azerbaijan - May 25, 2022

Baku Energy Week is the Caspian region’s most prestigious event in the oil and gas and energy sector.

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Eni signs deals for energy transition projects in Kazakhstan
NEWS
Kazakhstan - July 27, 2021

Eni has partnered with Kazakhstan’s state-run KazMunaiGas to develop renewables, hydrogen and biofuels projects in the country, the company confirmed on…

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Oil up over anticipated OPEC+ supply curb extension
NEWS
Multinational - March 31, 2021

Oil was up Wednesday morning in Asia, paring back losses from the previous session ahead of an Organization of the Petroleum Exporting Countries and allies (OPEC+)…

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OPEC+ shockwaves drive up oil
NEWS
Multinational - March 05, 2021

Oil prices pushed higher Friday, continuing the sharp gains of the previous session, following the decision of the Organization of the Petroleum Exporting Countries and…

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Oil up on Saudi unilateral cut pledge
NEWS
Multinational - January 06, 2021

Oil was up Wednesday morning in Asia, with an unexpected pledge from Saudi Arabia to cut crude output further by one million barrels a day in February continuing to…

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Oguz Kirkgoz ENKA
Interview
Iraq - August 12, 2020

Oğuz Kirkgӧz, executive vice-president of ENKA, talks to The Energy Year about how the company’s projects in Iraq have been affected by the Covid-19 pandemic and…

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RN MINNIKHANOV Tatarstan
Interview
Russia - October 11, 2019

R.N. Minnikhanov, president of the Republic of Tatarstan, talks to TOGY about the significance of Tatarstan in the development of Russia’s oil and gas industry, the…

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Kazakh minister to speak on environment
NEWS
Kazakhstan - August 01, 2019

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…

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Imanverdi HASANOV, General Manager of BAKU SHIPYARD
Interview
Azerbaijan - December 6, 2018

Imanverdi Hasanov, general manager of Baku Shipyard, talks to TOGY about the shipyard’s ongoing and targeted projects, its expansion strategy in the region and the…

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