Four new entities joined the Kazenergy association of oil and gas companies in July and August 2024, bringing the total number of members to 68. These new members represent key sectors of Kazakhstan’s economy, including hydrocarbon extraction, energy and geological engineering, according to a Kazenergy press release.
Among the new members is Kazakhoil Aktobe, a joint venture of KazMunayGas (KMG) and Caspian Investments Resources Ltd, owned by China’s Sinopec. Kazakhoil Aktobe is involved in hydrocarbon production at the Alibekmola and Kozhasai deposits in the Aktobe region. Another new member, KMG Engineering, specializes in developing geological and geophysical databases, as well as in designing oil and gas data processing systems.
Two other new members of the association are Kalamkas-Khazar Operating, an oil company with operations in the Kalamkas-Sea, Khazar and Auezov fields in Kazakhstan’s sector of the Caspian Sea and Almaty Power Plants, which produces heat and electricity in Almaty and the surrounding region.
Kazenergy was established in November 2005 to support and develop entrepreneurship in Kazakhstan’s oil and gas sector. The primary mission of Kazenergy is to promote the sustainable and balanced development of the energy industry, taking into account evolving global energy and environmental policies. The association aims to ensure the steady development of the country’s oil, gas and electric power industries, helping businesses adapt to new challenges and opportunities.
Earlier this summer, the Ministry of Energy announced that Russia’s Lukoil and Kazakhstan’s KazMunayGas will begin constructing offshore platforms in 2026 as part of the joint Kalamkas-Sea/Khazar project. The Ministry highlighted that the project aims to attract over $6 billion in direct investments and create more than 2,000 jobs with 300 positions to be filled at the operational stage.
In late April, Kazakhoil Aktobe issued a statement confirming its decision to continue drilling new wells in the Kokzhide area, a unique fresh groundwater source in the Aktobe region, rather than abandoning the project.
KMG Engineering, a leading research facility for KMG, provides supervisory support for prospecting, exploration, drilling and oil production at the company’s sites. KMG Engineering and Lukoil-Engineering plan to form a consortium to collaborate on research and engineering support not only for Kalamkas-Sea/Khazar and other major projects but also for operational activities. Almaty Power Plants operates three thermal power plants, which are expected to transition to gas by 2026. The company also owns the Western Heat Plant, Kapshagay Hydropower Plant, Almaty Hydropower Plant Cascade, Energoremont servicing entity and the Fuel Receiving and Unloading Center.
