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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Marco Arcelli of ACWA Power talks about the company’s multi-gigawatt pipeline of renewable projects in the Middle East.
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Technip Energies has signed a five-year services agreement with KPO for the development of Kazakhstan's Karachaganak field.
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Kazakhstan’s Energy Ministry has reduced its 2020 forecast for national oil production by around 11.5 percent.
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Lukoil, Russia’s second-largest oil producer, has recorded a large drop in profits for the first quarter of 2015.
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General director of Chevron-led Kazakh oil company Tengizchevroil Tim Miller announced on Monday that the company’s oil output has increased by 4.4 percent to 7.1…
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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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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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Canadian oil and gas operator Condor Petroleum drilled their second horizontal well at the Zharkamys West 1 block on November 2014. The Shoba 11 well, located in the…
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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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Gregor Mowat, appointed managing partner of KPMG’s Kazakhstan and Central Asia branch in 2013, talks to TOGY about how while the economies of many rapidly developing…
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The government of Kazakhstan and exploration and production companies are introducing new technology to brownfields that were once abandoned as too hot, too high…
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Eni and Kazakhstan’s state-owned company, KazMunayGas (KMG), entered a joint agreement on June 12 to explore the potential for oil in the northern Caspian Sea’s…
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