Kazakhstan | Oil & Gas Feed

Kazakhstan produced approximately 59 bcm of gas in 2024 with plans to reach around 74 bcm by 2030, the Deputy Director General for Production at KMG-Karachaganak, Andrey Kan, said, Trend reports. He made the announcement at the SPE 2025 Caspian Technical Conference in Baku. “Kazakhstan possesses substantial natural gas reserves, estimated at approximately 3.8 trillion cubic meters, […]

China National Petroleum Corporation (CNPC) is progressing with plans to explore a hydrocarbon block in Kazakhstan after agreeing an initial deal with a Kazakh partner earlier this year. CNPC and state-run Qazaqgaz in June signed a framework cooperation agreement calling for both companies to join forces in exploring the Severny-1 block in Kazakhstan’s Aktyubinsk region. The initial […]

Russia’s state nuclear corporation Rosatom and state-owned China National Nuclear Corporation have been tapped to lead separate consortiums to build the first nuclear power plants in Kazakhstan, the country’s atomic energy agency said on Saturday.   The oil- and gas-rich nation of 20 million has not had any nuclear power generation capacity since 1999, when […]

MOL has secured the opportunity to expand its extraction operations in western Kazakhstan.

The cost of transporting export oil shipments from Kazakhstan via pipeline will rise by 11.3% starting January 1, 2025. The tariff increase is not expected to reduce oil exports through pipelines, as transportation by rail is even more expensive, according to market participants. The state-owned pipeline company KazTransOil (KTO) will increase the export tariff for […]

Romania pledges continued support for Kazakhstan and Azerbaijan in their contributions to the EU’s energy security, Ana Cristina Tinca, State Secretary of the Ministry of Foreign Affairs of Romania, said in an exclusive interview with Trend. Kazakhstan and Azerbaijan as garants of EU energy security “With a trade volume of around $42 billion in 2023 and […]

A referendum on the construction of a nuclear power plant (NPP) will be held in Kazakhstan this fall, President of the country Kasim-Jomart Tokayev said at the awarding ceremony of mass media workers, Report informs. “Economic development is impossible without a stable energy supply. That’s why I gave instructions on studying the construction of a nuclear power […]

KazTransOil JSC (KTO) transported 3.342 million tons of Russian oil to China via the Atasu-Alashankou main oil pipeline in January-April 2024. According to WHO, the growth rate compared to January-April 2023 was 3.8 percent. In April of this year, the transit of Russian oil through Kazakhstan to China amounted to 834.8 thousand tons, which is […]

The number of Azerbaijani companies operating in Kazakhstan increased by 18.4 percent year-on-year by May 2024. According to the National Bureau of Statistics of the Republic of Kazakhstan, 1,459 Azerbaijani companies were registered in Kazakhstan on May 1 of this year. According to statistics, the number of Azerbaijani companies operating in the country on this […]

Ministers of Energy of Kazakhstan, Azerbaijan and Uzbekistan signed a Memorandum on Cooperation on the integration of their energy systems.

The Ministry of Energy of Kazakhstan, together with “QazaqGaz,” has formed a forecast gas balance until 2030, the press service of the ministry reports. “In recent years, gas production in the country has been steadily growing. According to the projected gas balance, gas production is expected to increase to 60.456 bcm in 2024. The production […]

Min 10+ years in Finnance.  Completed Competency trainings   Diploma or degree qualified in finance.   Production System Business  Controller for  Azerbaijan,  Turkmenistan and Kazakhstan: -Record Revenue Accruals -Conduct Contract Assessment -Validate Revenue Recognition Criteria -Perform Revenue Accounting -Prepare Tender/Proposal Technical Documentation -Prioritize Opportunities for Engagement -Analyze Customer Contract Commercial Performance -Analyze Customer Contract Financial […]

Kazakhstan will explore the possibility of building an oil pipeline along the bottom of the Caspian Sea, the Ministry of Energy of the country reported. Earlier, in July 2023, KazMunaiGas stated that the company and its partners were not considering this export route.  Also, in the medium term, the possibility of building an oil pipeline […]

Kazakhstan has increased its arbitration claims against international oil companies that developed the Kashagan oil field to more than $150 billion, demanding compensation for lost revenue in addition to a dispute over costs, according to people familiar with the matter. Kazakhstan’s government was already involved in a $15 billion arbitration over production costs at the giant field, […]

LUKOIL has started the construction of a solar power plant in Kazakhstan, laying a commemorative capsule in the Almaty region. The project will provide energy supply to the production facilities of LUKOIL Lubricants Central Asia LLP (a 100% subsidiary of PJSC LUKOIL) with environmentally friendly solar energy, the company reports. The design capacity of the […]

Turkestan region is the leader in Kazakhstan in terms of the capacity of renewable energy sources, Vice Minister of Energy Alibek Zhamauov said at a meeting with residents of the region.  According to him, there are 21 renewable energy facilities in the region with a total capacity of 278 MW, including 8 solar power plants […]

Kazakhstan intends to increase the volume of oil supplies along the Trans-Caspian route to 3 million tons within two years, the press service of the Kazakh government reported. It is reported that 1.4 million tons of oil were transported along this route in 2023. The plan for 2024 is up to 1.5 million tons of […]

Kazakhstan expects to transport up to 3 million tons of its oil per year via the Baku-Supsa oil pipeline and is negotiating this with Azerbaijan,...

Kazakhstan expects to produce up to 94 million tons of oil next year, Kazakh Energy Minister Almasadam Satkaliyev said. “From 90 to 94 million tons,...

Kazakhstan is considering the possibility of supplying clean electricity from the Caspian region to Azerbaijan, the country’s Energy minister Almasadam Satkaliyev said. This project involves...