Kazakhstan Overview

Brent futures rose above USD 57 a barrel on Monday, the highest level since July 2015, after non-OPEC members agreed over the weekend in Vienna to cut their production…

Kazakhstan has resumed production at the Kashagan oilfield, the country’s Ministry of Energy announced on Thursday, ending an almost three-year-long shut-in.…

Commercial production at the giant offshore Kashagan oilfield is expected to resume in November, KazMunayGaz’ chairman, Sauat Mynbayev, announced on Friday.

First…

Korea Oil Corporation (KNOC) has stated its intention to abandon the Zhambyl oil block in the Kazakh section of the Caspian Sea, a company spokesperson said on…

Chevron has signed off on the Future Growth and Wellhead Pressure Management Project for Kazakhstan’s Tengiz oilfield, the company announced on Tuesday. The USD…

Iran and Kazakhstan are working to construct a joint venture refinery in Amirabad Port, Director General for the Mazandaran Provincial Organisation of Industry, Mines…

Deputy Energy Minister Magzum Mirzagaliev on Wednesday said Kazakhstan’s Kashagan field is expected to come back on line in October as per directives from Prime…

Saipem has signed new contracts and extended old ones with a total value of EUR 150 million (USD 170 million), Saipem reported in a press release today.

Offshore…

Lukoil, a member of the joint venture developing the Karachaganak gas condensate field, said late on Monday that Kazakhstan had filed a USD 1.6 billion claim against…

Kazakhstan has plans to revert to its original 2016 oil output target of 564 million barrels should the oil price remain above USD 40, the country’s minister of oil…