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