Oil Reserves30 billion barrels
Oil Production1,81 millon bopd
Gas Reserves2.3 tcm
Gas Production32 bcm
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.
Thomas Pramotedham, CEO of Presight, talks to The Energy Year about accelerating the digital transformation of the UAE’s…
READ MORE
Fahmi Al Shawwa of Immensa talks about the large potential savings to be had from digitising and localising the manufacture of…
READ MORE
Marco Arcelli of ACWA Power talks about the company’s multi-gigawatt pipeline of renewable projects in the Middle East.
READ MORE
Chevron has reached first oil at its Future Growth Project at Kazakhstan's supergiant Tengiz oilfield.
READ MORE
Technip Energies has signed a five-year services agreement with KPO for the development of Kazakhstan's Karachaganak field.
READ MORE
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…
READ MORE
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…
READ MORE
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…
READ MORE
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…
READ MORE
Magzum Mirzagaliyev, minister of ecology, geology and natural resources of Kazakhstan, has called for sustainable solutions in the oil and gas industry.
Mirzagaliyev…
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…
READ MORE
The NK-3 well in the North Kariman field onshore Kazakhstan has encountered hydrocarbons, operator Reach Energy announced on Monday.
“This development further…
READ MORE
U.S. crude’s losing streak continued on Tuesday as the Organization of Petroleum Exporting Countries forecast that world demand growth would slow down in 2019.
In…
READ MORE
Ronald Solomon, Caribbean area manager for Baker Hughes, a GE company (BHGE), talks to TOGY about the company’s current and upcoming projects, and the opportunities…
READ MORE
Shell is in talks to buy up to 20% of Kazakhstan NOC KazMunayGaz, international media reported on Tuesday.
While anonymous Kazakh sources interviewed by Reuters…
READ MOREWHOSE PLATFORM IS THIS?
ASK US
