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Kazakhstan Overview

Kazakhstan

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.

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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Saudi reserves top spot for oil
NEWS
Multinational - June 21, 2017

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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Interview
Saudi Arabia - June 14, 2017

TOGY talks to Mohammed Badri, the managing director of the Schlumberger Dhahran Carbonate Research Centre, about his global vision for the centre, new technologies…

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Petrofac bags long-term Oman deal
NEWS
Oman - June 08, 2017

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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Investigation launched into Petrofac
NEWS
Multinational - May 12, 2017

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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Shell to explore Oman block
NEWS
Oman - April 27, 2017

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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Interview
China - February 10, 2017

TOGY talks to Jerry Jiang, Chairman of Geo-Jade Petroleum Corporation. Geo-Jade Petroleum Corporation is one of China’s largest privately owned E&P companies.

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Fluor lands Kazakhstan job
NEWS
Kazakhstan - February 07, 2017

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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Interview
China - February 03, 2017

TOGY talks to T.G. Zhang, Senior vice-president and general manager of Siemens China. The company has been active in China across numerous industries and sectors…

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Interview
China - December 19, 2016

TOGY talks to Zhang Xianhua, deputy chairman and general manager of Beijing Sanchuan Century Energy Technology Corporation, about patents, plans for national and…

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Oil up as non-OPEC states announce cuts
NEWS
- December 12, 2016

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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