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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Minister of Oil and Gas Uzakbay Karabalin was replaced by Vladimir Shkolnik during a cabinet reshuffle by President Nursultan Nazarbayev on Wednesday.
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Four people were injured on Wednesday, when an explosion at a refinery belonging to Vernal Oil Kazakhstan occurred. A government representative of Mugalzhar District…
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The UK’s Roxi Petroleum has found oil and gas with its first well on its BNG contract area in Kazakhstan, 40 kilometres south of the Tengiz field in the Mangistau…
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The intergovernmental agreement to transport Russian oil to China via Kazakhstan’s main pipelines was ratified last week. According to the agreement, approximately 7…
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