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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The Zharkum gasfield experimental-industrial operation was launched on Friday, November 28, coinciding with the Day of the First President of Kazakhstan.
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Replacing corroded pipelines which shutdown the offshore Kashagan field in the Caspian Sea will cost $1.6-billion-3.6 billion according to documents seen by Reuters on…
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The newly formed national oil company KazMunayGas (KMG) subsidiary NordOil signed an agreement to begin exploring in the Turgay region of Kazakhstan, according to a…
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Oil and Gas Minister Uzakbay Karabalin said last week that Kazakhstan’s oil output will peak in 2024-2030 “unless new oilfields come on stream.”
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On Thursday, 11 September, President Nursultan Nazarbayev announced that Chinese companies were producing 20 percent of all Kazakh oil.
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