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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.

OPEC+ members extend voluntary output cuts to Q2 2024
NEWS
Multinational - March 04, 2024

Several OPEC+ members have extended voluntary oil production cuts of 2.2 million bpd into Q2 2024.

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Foreign player takes over gasfields in Uzbekistan
NEWS
Uzbekistan - February 02, 2024

Condor Energies has signed a deal to take over eight producing gas-condensate fields in Uzbekistan.

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Saudi Arabia sets oil and gas production limits
NEWS
Saudi Arabia - January 30, 2024

Saudi Aramco has received orders from the government to set its maximum sustainable capacity to 12 million bpd.

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Energy watchdogs see increased oil demand in 2024
NEWS
Multinational - January 18, 2024

Both OPEC and the International Energy Agency (IEA) have forecast a rise in global oil consumption in 2024, Reuters reported on Thursday.

The IEA has raised its…

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TEY_post_Huseyn-Tarek
Interview
- December 13, 2023

Huseyn Tarek, regional president of INTECH Process Automation, talks to The Energy Year about digitalisation in industrial plant management, how automation systems…

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OPEC+ rolls out production cuts into 2024
NEWS
Multinational - December 01, 2023

OPEC+ members have agreed to oil production cuts totaling 2.2 million bopd for early 2024, the oil and gas organisation announced on Thursday.

The cuts are being…

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Lukoil sees drop in profits
NEWS
Russia - June 10, 2015

Lukoil, Russia’s second-largest oil producer, has recorded a large drop in profits for the first quarter of 2015.

The privately held business had a quarterly…

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Encouraging Roxi finds in Kazakhstan
NEWS
Kazakhstan - May 01, 2015

London-listed operator Roxi Petroleum has discovered encouraging hydrocarbons traces at a second deep well onshore Kazakhstan, though a stuck drill pipe had seized the…

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Kazakh oil production to rise in midterm
NEWS
Kazakhstan - February 25, 2015

The restart of production from the Kashagan field and expansion of the Tengiz project will boost Kazakhstan’s oil production by almost 30 percent by 2020, Deputy…

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The Karachaganak field
Articles
Abu Dhabi - December 24, 2014

As of November 2014, the operator of the Karachaganak oil and gasfield, Karachaganak Petroleum Operating (KPO), had invested more than $17 billion into the development…

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Zharkum field commissioned
NEWS
Kazakhstan - December 01, 2014

The Zharkum gasfield experimental-industrial operation was launched on Friday, November 28, coinciding with the Day of the First President of Kazakhstan.

The field,…

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KazTransGas to build new gas pipeline
NEWS
Kazakhstan - November 24, 2014

KazTransGas will invest $127 million in the construction of a branch pipeline connected to the Beyneu-Bozoi-Shymkent conduit to gasify the southern city of Baikonur,…

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