Russian President Vladimir Putin has authorized Rosneft-Shell Caspian Ventures Limited — a joint venture between Russia’s Rosneft and Britain’s Shell, which holds a 7.5% stake in the Caspian Pipeline Consortium (CPC) — to conduct transactions involving its share in the pipeline. The order was published on the Russian government’s official…
Kazakhstan plans to deliver 50,000 tons of oil to China in December 2025 directly from the Kashagan field, following damage to the Caspian Pipeline Consortium terminal caused by a Ukrainian drone strike in November, according to Reuters. The shipment will move through the Atasu-Alashankou pipeline. The oil is produced at…
Meirzhan Yussupov, CEO of Kazatomprom — Kazakhstan’s state-owned uranium producer — says it is appropriate for the national company to automatically receive a 90% stake in uranium mining projects upon contract renewal, regardless of the foreign partner’s previous share. Amendments advance in parliament Amendments to Kazakhstan’s Subsoil and Subsoil Use…
The latest attack on the Caspian Pipeline Consortium (CPC) by Ukrainian naval drones — and the resulting partial shutdown of its terminal in the Russian port of Novorossiysk, which carries more than 80% of Kazakhstan’s oil exports — underscores how vulnerable Kazakhstan’s oil exports are due to the country’s systemic…
The partial shutdown of the Caspian Pipeline Consortium (CPC) terminal in Novorossiysk, Russia, after a Nov. 29 attack by Ukrainian naval drones, highlights Kazakhstan’s ongoing export vulnerabilities. The terminal, which handles over 80% of Kazakhstan’s oil exports, now has its Offshore Mooring Terminal-3 (OMT-3) out of service, while OMT-2 has…
Kazakhstan’s Agency for the Protection and Development of Competition has proposed selling up to a 50% stake in KMG International N.V. (a subsidiary of Kazakhstan’s national oil and gas company KazMunayGas, or KMG) through an open, two-stage bidding process in 2026-2027. The company is included on the national list of…
Microsoft and Westinghouse Nuclear are exploring ways to use artificial intelligence to accelerate the approval and construction of nuclear power plants in the U.S. But a new analysis from the AI Now Institute, cited by 404 Media, warns that this approach could introduce serious safety risks. Generative AI as a…
Kazakhstan can supply nuclear power plants with uranium for decades, according to Gumar Sergazin, deputy chairman of Kazakhstan’s Agency for Atomic Energy. The country currently boasts about 1 million tons of natural uranium reserves, Sergazin reported at a recent Senate briefing. «Our uranium reserves will last for more than 60…
Kalamkas-Khazar Operating LLP (KKO), a joint venture equally owned by Russia’s Lukoil and Kazakhstan’s KazMunayGas (KMG), remains on the U.S. sanctions list, according to the PACE Telegram channel. At PACE’s inquiry, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) said that no official request has been…
Kazakhstan has seen a steep increase in fuel prices since the start of 2025. According to the Eurasian Economic Commission (EEC), the price of motor gasoline rose 11.2% compared with December 2024, while diesel fuel climbed 9.2%. The pace of growth has outstripped all other member states of the Eurasian…
Christopher Eppinger, a former intern at KazMunayGas — Kazakhstan’s national oil company — has reportedly made a profit of more than $250 million reselling Russian oil. Between 2022 and 2025, his company sold oil worth nearly $2 billion, according to the Financial Times. Born in 1994 in a small town…
Kazakhstan’s PetroCouncil — an oil and gas industry association representing about 150 domestic oilfield service, engineering and manufacturing companies — has appealed to Prime Minister Olzhas Bektenov to protect local firms from what it calls dumping by Chinese companies in Kazakhstan’s petrochemical sector. Crowding out The council notes that foreign…
Kazakhstan and the U.S. have signed a memorandum of understanding on critical minerals. Signed in the presence of Kazakh President Kassym-Jomart Tokayev in Washington, the agreement aims to enhance Kazakhstan-U.S. cooperation in extracting and processing critical minerals. Minister of Industry and Construction Yersaiyn Nagaspayev signed the memorandum for Kazakhstan, while…
Kazakhstan is in talks with ExxonMobil Corp. to develop an untapped portion of the Kashagan oil field, Bloomberg reported, citing sources familiar with the matter. Currently, production is underway only in the eastern part of Kashagan, while the western sections and nearby fields remain undeveloped. According to Bloomberg’s sources, who…
Kazakhstan can raise oil production in December to 1.569 million barrels per day, up from the November cap of 1.563 million. Eight OPEC+ nations made this decision on Nov. 2. The total oil production increment for December was agreed at 137,000 barrels per day. Therefore, a 7,000-barrel-per-day increase is allocated…
Miryildiz Mining, a Turkish company, aims to launch gold and copper production in Kazakhstan in late 2026, according to Regional Director Emrah Erdem. At the Kazakhstan Global Investment Roundtable on Oct. 31, Erdem said the potential for copper mining in eastern Kazakhstan is strong, with the company focusing its efforts…
Using AI tools such as ChatGPT to look up «how to be environmentally sustainable» might actually be working against that goal, according to politics writer Lex McMenamin. That’s because ChatGPT and other large language models carry an environmental cost. Training and operating these systems require massive computing power, and the…
The world’s first underwater data center powered by wind / Image generated by a neural network, photo editor: Adelina Mamedova China has completed the world’s first underwater data center powered entirely by wind energy, New Atlas reported. The 24-megawatt facility in Shanghai sets a new benchmark for green computing infrastructure.…
SOCAR, the state oil company of Azerbaijan, may join the Dunga oil and gas project in Kazakhstan, Energy Minister Yerlan Akkenzhenov told Interfax-Kazakhstan. Akkenzhenov said commercial negotiations are underway with KazMunayGas (KMG), Kazakhstan’s national oil and gas company, which holds a 60% stake in the project. The Dunga oil and…
The Trump administration is negotiating for the American company Cove Capital to gain access to one of the world’s largest undiscovered tungsten deposits in Kazakhstan, Bloomberg reported. The metal is used by the Pentagon to produce ammunition, shells and other weapons. U.S. Commerce Secretary Howard Lutnick has helped arrange negotiations…
Freedom Holding Corp. is preparing to introduce a new feature that will allow travelers in Kazakhstan to view the carbon footprint of their flights. During the Kursiv ESG Conference 2025 in Almaty on Oct. 21, Baglana Mussina, the company’s chief sustainable development officer, announced that the feature will be available…
The U.S. and Australia have signed a critical minerals partnership designed to reduce U.S. reliance on China and boost investments in the Australian mining sector, according to Reuters. Under the agreement, announced by U.S. President Donald Trump and Australian Prime Minister Anthony Albanese, each nation will invest $1 billion over…
A global uranium deficit — where demand exceeds supply — could emerge by 2030 as new nuclear power plants are built rapidly, according to Meirzhan Yussupov, CEO of Kazakhstan’s Kazatomprom. Yussupov made the remarks during a meeting with President Kassym-Jomart Tokayev. He said two factors — AI development and rising…
China is shifting toward a more assertive strategy with the U.S., blending offense and defense, according to Gu Qingyang, associate professor at the Lee Kuan Yew School of Public Policy. Although both Beijing and Washington had shown signs of easing tensions in recent months, that optimism faded quickly after China’s…
