Kazakhstan’s Energy Minister Yerlan Akkezhenov said production at the Tengiz oil field is being restored in stages, with full output expected to resume within a week. Fields restarting after fire Speaking on the sidelines of Parliament, Akkezhenov said production at the Korolevskoye field has already been fully restored. He added…
Energia Semirechya, a company with predominantly Chinese ownership that operates the Shelek-1 wind farm in the Almaty region, southern Kazakhstan, reported a net loss of 3.28 billion tenge ($7 million) in 2024. Losses widen despite growing revenue The wind farm was launched in 2022, but the company has failed to…
The resumption of operations at the CPC Black Sea terminal and the expected restart of oil production at Tengiz have pushed oil prices lower. Positive news about the recovery of Kazakh oil supplies was strong enough to overshadow concerns over the winter storm that hit a large swath of the…
According to Bloomberg, shareholders of the Karachaganak oil and gas project have lost an international arbitration dispute with the Kazakh government, meaning they may be obliged to pay $2 to $4 billion in compensation to the country. The court sided with the Kazakh government, which argued that the Karachaganak project…
On Jan. 26, U.S. President Donald Trump announced an increase in import tariffs from 15% to 25% on South Korean products, including cars, lumber and pharmaceuticals, in a post on Truth Social. In the post, the president said the move was due to delays by the country’s legislative authorities in…
Gold prices rose above $5,000 an ounce for the first time, continuing a historic rally that has pushed the metal up more than 60% in 2025, according to the BBC. This surge is occurring amid growing geopolitical and financial uncertainty, driven by tensions over Greenland and concerns about U.S. trade…
Kazakhstan’s Ministry of Energy confirmed that the third single-point mooring (SPM-3) at the Caspian Pipeline Consortium’s (CPC) Marine Terminal has been successfully put into service. Repair work The repair work on SPM-3 have been completed. All restoration and technical measures, as well as testing, have been carried out. The system…
Goldman Sachs Research analysts expect the U.S. dollar to continue declining in 2026, though at a slower pace than in previous periods. According to financial analyst Andrey Chebotarev, writing on his Telegram channel, this trend reflects the U.S. economy no longer serving as the undisputed global leader. The dollar is…
Kazakhstan’s government has approved major investment projects to build four modern pharmaceutical manufacturing plants to expand domestic drug production. The total investment is estimated at 173 billion tenge (about $340 million). The projects will be implemented by four companies: AltINFARM LLP; Nobel Almaty Pharmaceutical Factory JSC; Abdi Ibrahim Global Pharm…
Amid a sharp rise in Kazatomprom’s share price in early 2026, Kursiv.media calculated the increase in value of Kazatomprom and KazMunayGas shares purchased in 2023 and 2024 using money from Kazakhstan’s National Fund. The analysis shows that the combined unrealized profit has already exceeded 2 trillion tenge (about $4 billion).…
Kazakh citizens staying in South Korea without valid work permits may voluntarily leave the country without facing fines or re-entry bans through the end of February 2026, Kazakhstan’s Ministry of Labor and Social Protection said. The reminder applies to individuals who are currently in South Korea without legal employment status…
Laramide Resources Ltd., a Canada-based uranium producer, has announced that it is withdrawing from its uranium project in Kazakhstan due to legislative amendments adopted at the end of 2025. Under the new rules, foreign investors have fewer rights, with priority given to the national uranium company Kazatomprom. «Laramide to abandon…
Shares of Kazatomprom, the world’s largest uranium producer, continue to reach new highs, driven by surging demand for reliable electricity and a constrained global supply of uranium, according to financial consultant Daur Imanmadirov. On Jan. 20, 2026, Kazatomprom shares on the Kazakhstan Stock Exchange rose to 37,600 tenge ($74) per…
Oil production at the Tengiz and Korolevskoye fields in Kazakhstan has been temporarily suspended due to power supply disruptions, according to operator Tengizchevroil (TCO), a subsidiary of U.S.-based Chevron. Tengiz is the country’s largest oil field. TCO said the shutdown was prompted by an incident affecting parts of the power…
Kazakhstan registered 4,400 new companies or branches with foreign participation in 2025, driven primarily by businesses from China and Uzbekistan, according to the Bureau of National Statistics. As of Jan. 1, 2026, the country had about 63,900 legal entities and branches with foreign participation, including branches of foreign companies operating…
Kazakh Invest and China’s Guoyou Materials Group have discussed implementing a major Caspian Sea infrastructure project involving the construction of a $1.1 billion multifunctional transloading complex at the port of Kuryk. Once commissioned, the advanced shipping cluster is expected to boost Kazakhstan’s transit potential and strengthen its role along the…
President Kassym-Jomart Tokayev has signed a new banking law along with amendments to several legislative acts governing financial market regulation, the presidential press office reported. The changes aim to strengthen financial security, combat fraud, and reduce debt for Kazakh citizens. Measures to combat fraud The law adds safeguards to prevent…
India currently depends on overseas suppliers for roughly 90% to 95% of its semiconductor requirements. That reliance is now prompting a major domestic push, as the government moves forward with plans to establish what it hopes will be the country’s first large-scale semiconductor fabrication plant. The facility is planned for…
Higgsfield AI, a startup from Kazakhstan, has raised new funding at a valuation of more than $1.3 billion, Reuters reported. The company develops AI-powered video generation tools and is among the fastest-scaling generative AI projects globally. The company recently disclosed that it raised $130 million in a Series A funding…
KazMunayGas (KMG), Kazakhstan’s state-owned oil and gas company, rerouted 300,000 tons of oil in December 2025 amid restrictions on operations at the Caspian Pipeline Consortium (CPC). The company said the oil was redirected through the KazTransOil pipeline system for delivery to Germany, China, and via the Baku-Tbilisi-Ceyhan (BTC) route, as…
A large business complex, Iconic Towers, will be built in the city of Alatau, with total investment exceeding $800 million. The architectural concept for the project is being developed by Skidmore, Owings & Merrill (SOM), an American firm known for its iconic skyscrapers worldwide. Due to the high importance of…
The U.S. Treasury Department’s Office of Foreign Assets Control has extended until Feb. 28 a license allowing negotiations for the sale of Lukoil International GmbH, the entity that owns Russian oil giant Lukoil’s foreign assets. The extension was reported by Interfax. Any deal, however, must comply with U.S. national security…
The Kazakh government has announced the start of a new phase of mineral exploration, committing 240 billion tenge, about $500 million, over the next three years to geological research. For comparison, that figure exceeds total investment in the sector over the past 15 years, which amounted to $469 million, according…
In a parliamentary inquiry, the Ak Zhol faction claimed that the government is unprepared for complex international disputes surrounding the country’s largest oil and gas projects. Prime Minister Olzhas Bektenov responded to the claim. What is the gist of the complaint? According to the party’s estimates, the country is losing…
