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.
Technip Energies has signed a five-year services agreement with KPO for the development of Kazakhstan's Karachaganak field.
READ MORE
OPEC+ has decided to extend oil production cuts into 2025.
READ MORE
Several OPEC+ members have extended voluntary oil production cuts of 2.2 million bpd into Q2 2024.
READ MORE
Condor Energies has signed a deal to take over eight producing gas-condensate fields in Uzbekistan.
READ MORE
Saudi Aramco has received orders from the government to set its maximum sustainable capacity to 12 million bpd.
READ MORE
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…
READ MORE
Huseyn Tarek, regional president of INTECH Process Automation, talks to The Energy Year about digitalisation in industrial plant management, how automation systems…
READ MORE
Kazakhstani NOC KazMunayGaz and Rosneft Deutschland have signed an agreement to deliver 733,000 barrels of oil per month until the end of 2023 to a refinery in Germany,…
READ MORE
Eni has decided to build a 250-MW hybrid renewables-gas plant in Zhanaozen, Kazakhstan, the Italian energy giant announced on Thursday.
Eni will partner with…
READ MORE
Sinopec has agreed to terms with state-owned KazMunayGaz to build a gas-based petrochemicals complex in Atyrau, Kazakhstan, the Chinese energy giant announced via…
READ MORE
OPEC+ has called for further cuts to crude oil production causing a rise in oil futures, the international oil and gas organisation announced on Sunday.
The members…
READ MORE
Shares in Kazakhstan’s NOC, KazMunayGas, will be placed on local stock exchanges in 2022, state holding firm Samruk-Kazyna announced on Tuesday.
The company will be…
READ MORE
Eni has partnered with Kazakhstan’s state-run KazMunaiGas to develop renewables, hydrogen and biofuels projects in the country, the company confirmed on…
READ MORE
Oil was up Wednesday morning in Asia, paring back losses from the previous session ahead of an Organization of the Petroleum Exporting Countries and allies (OPEC+)…
READ MORE
Oil prices pushed higher Friday, continuing the sharp gains of the previous session, following the decision of the Organization of the Petroleum Exporting Countries and…
READ MORE
Oil was up Wednesday morning in Asia, with an unexpected pledge from Saudi Arabia to cut crude output further by one million barrels a day in February continuing to…
READ MORE
Oğuz Kirkgӧz, executive vice-president of ENKA, talks to The Energy Year about how the company’s projects in Iraq have been affected by the Covid-19 pandemic and…
READ MOREWHOSE PLATFORM IS THIS?
ASK US
