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April 30, 2026

Staying the course: Kazakhstan reaffirms its commitment to OPEC+

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Казахстан не рассматривает возможность выхода из ОПЕК+/shutterstock, бильд-редактор: Дастан Шанай

Kazakhstan has no plans to change its format of participation in the OPEC+, the country’s Energy Ministry said. «Currently, the issue of changing the country’s format of participation in the alliance is not on the agenda,» the ministry said in a statement. Market context Reports that the United Arab Emirates…

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April 29, 2026

Why UAE is breaking away from OPEC and OPEC+

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media
Poznan, Poland, October 24, 2023: OPEC oil petroleum fuel barrels in row concept. Organization Petroleum Exporting Countries oil producing export association industrial containers 3d illustration.

The United Arab Emirates will withdraw from OPEC and the broader OPEC+ alliance on May 1, ending nearly six decades of membership to pursue a sovereign energy strategy, Gulf News reported. The decision terminates a partnership that began in 1967, allowing the federation to now determine its oil output independently…

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April 28, 2026

Hooked on crude: The world’s most oil-dependent nations in 2026

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media
Фото: Shutterstock

Petroleum continues to be a primary driver of international economic stability and political influence. A recent ranking by World Population Review highlights how various nations manage this finite resource, ranging from absolute reliance to strategic diversification. The Middle East powerhouses Saudi Arabia remains a central figure, controlling nearly 17 percent…

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April 23, 2026

Vladimir Kim keeps Kazakhmys on the local exchange

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

Kazakhmys Copper, which consolidates the copper assets of Vladimir Kim, will not delist from the Kazakhstan Stock Exchange. The decision was made by the company’s sole shareholder. The shareholder reversed an earlier decision, announced April 14, to voluntarily delist the company’s shares from KASE. As a result, the shares will…

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April 23, 2026

IMF trims 2026 growth forecast for Gulf nations

Nursultan Yerbolatuly

Nursultan Yerbolatuly

Фото: media.az

The escalation of conflict in the Middle East, along with the risk of a closure of the strategically vital Strait of Hormuz, is putting significant pressure not only on global energy markets but also on the economic stability of countries across the region. Amid rising geopolitical uncertainty and the potential…

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April 22, 2026

Kazakh CPC Blend oil prices drop 14% in one month

Nursultan Yerbolatuly

Nursultan Yerbolatuly

The price of Kazakhstan’s CPC Blend crude has been declining on global markets. According to the latest data, the benchmark traded at $114.47 on Friday but fell to $112.23 on Monday, April 20. The drop suggests shifting supply-and-demand dynamics and increased investor caution. Middle East tensions weigh on market Ongoing…

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April 21, 2026

US firm buys 70% stake in major Kazakh tungsten deposits

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

Tau-Ken Samruk, Kazakhstan’s national mining company and a subsidiary of sovereign wealth fund Samruk-Kazyna, has agreed to sell a 70% stake in the North Katpar tungsten deposit to U.S.-based Cove Kaz Capital Group LLC. The company said it approved the transaction on April 16. The share purchase agreement for a…

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April 21, 2026

Tajikistan asks Kazakhstan to build mills and boost grain supplies

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Таджикистан попросил Казахстан увеличить экспорт зерна и строить мельницы/fcc.kz, бильд-редактор: Адэлина Мамедова

Tajikistan is interested in importing Kazakh grain, flour and sunflower oil, said Nurmahmad Akhmadzoda, director of the Agency for State Material Reserves of Tajikistan. The Ministry of Agriculture quoted him following a meeting with the leadership of Kazakhstan’s Food Contract Corporation (FCC), a state-owned company that regulates the grain market.…

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April 20, 2026

Kashagan blow: Kazakh court upholds 2.4 trillion tenge environmental fine

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

Kazakhstan’s Ministry of Ecology said a court in Astana has upheld a 2.4 trillion tenge environmental fine imposed on a consortium of major international oil companies. The entities, which are part of the North Caspian Operating Company (NCOC), are continuing to appeal the ruling, Bloomberg reported. Supreme Court rejects appeal…

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April 20, 2026

Why a Chinese firm is pouring $150M into Kazakh mining

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Горнорудный гигант из Китая создал дочернюю компанию в МФЦА/en.jlmining.com, бильд-редактор: Дастан Шанай

A Chinese mining company has established a new subsidiary in Kazakhstan with a registered capital of $150 million at the Astana International Financial Centre, according to a report by Finmentor. The company, Beijing Huaxia Jianlong Mining Science & Technology Co., Ltd., registered its local entity under the name Tianlong Mining…

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April 17, 2026

DBK to fund two major rare earth projects in Kazakhstan

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Два редкоземельных проекта может профинансировать «Байтерек»/shutterstock, бильд-редактор: Дастан Шанай

The Development Bank of Kazakhstan (DBK), a subsidiary of Baiterek Holding, may finance two rare earth metal mining projects, Baiterek Managing Director Aidyn Akan told reporters on the sidelines of the MINEX Kazakhstan 2026 forum. Read also: US moves to counter China on minerals with new Kazakhstan pact. Akan said…

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April 15, 2026

The transfer trap: Why high oil prices aren’t saving Kazakhstan’s wealth fund

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

In the first quarter of 2026, Kazakhstan’s National Fund, a sovereign wealth fund financed by oil revenues, received 784 billion tenge (about $1.6 billion) from oil companies — an increase of 162 billion tenge compared with the previous year. However, the additional revenue did not offset the 800 billion tenge…

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April 14, 2026

Strategic energy: Kazatomprom’s 2 trillion tenge India deal gets green light

Farid Veliyev

Farid Veliyev

Business News Correspondent f.veliev@kursiv.media

Shareholders of Kazakhstan’s state-owned uranium giant, Kazatomprom, have approved a transaction with India’s Department of Atomic Energy, according to the company’s disclosed corporate filings. Long-term supply agreement The documents indicate that the deal is a long-term contract for the purchase and sale of natural uranium concentrates. Under the agreement, Kazatomprom…

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April 13, 2026

The 2.3 trillion tenge question: Oil giants challenge Kazakh eco-fines

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

The North Caspian Operating Company (NCOC), operator of the Kashagan oil field, has lost its appeal of a 2.3 trillion tenge environmental fine in Kazakhstan’s Supreme Court. Oil and gas industry expert Nurlan Zhumagulov said on his Energy Monitor channel that the company is delaying payment pending a decision by…

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April 9, 2026

A former Tengiz manager on the ‘Made in KZ’ myth

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

Kazakhstan’s oil and gas companies are gradually increasing their use of locally sourced materials and suppliers, though progress remains uneven. A former manager at Tengizchevroil (TCO) says internal concerns — including fear of lobbying accusations and inflated pricing by domestic producers — continue to slow broader adoption. Former TCO manager…

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April 8, 2026

Turning coal into diesel: Kazakhstan’s new $128M industrial push

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Дизтопливо и газ из запасов угля будут производить в Казахстане/primeminister.kz, бильд-редактор: Адэлина Мамедова

Kazakhstan is planning to launch two plants that will convert coal into diesel fuel, Energy Minister Yerlan Akkenzhenov said at a recent cabinet meeting. Coal-to-chemicals projects expand According to Akkenzhenov, three major coal chemical industry projects are currently underway. These include: A metallurgical coke plant in the Karaganda region with…

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April 4, 2026

A second Kashagan? Kazakhstan finds massive new onshore oil field

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Замглавы КМГ рассказал о планах открыть новое крупное месторождение по типу Кашагана в Казахстане/Минэнерго, бильд-редактор Дастан Шанай

A hydrocarbon field comparable in scale to the Kashagan oil field could be discovered at significant depths on the Zhylyoi platform, according to Kurmangazy Iskaziyev, first deputy CEO of KazMunayGas (KMG), Kazakhstan’s national oil and gas company. Exploration is expected to target depths of between 5 and 9 kilometers. Large-scale…

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April 1, 2026

Unlocking the deep: Kazakhstan seeks billions of tons in new gas and oil

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Миллиарды тонн углеводородов может найти на 22 проектах «КазМунайГаз»/kmg.kz, бильд-редактор: Адэлина Мамедова

KazMunayGas (KMG), Kazakhstan’s national oil and gas company, is advancing 22 exploration projects with a combined resource base of 4.7 billion tons of hydrocarbons, CEO Askhat Khassenov said. Read also: How $100 oil could pay for Kazakhstan’s nuclear future. Khassenov said the company is pursuing a strategy focused on deep…

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March 30, 2026

INPEX eyes Kazakh oil to boost Japan’s energy security

Svetlana Voronova

Svetlana Voronova

Фото: Shutterstock

Japan’s INPEX has signaled its readiness to redirect part of its oil production in Central Asia to the domestic market, according to Yomiuri Shimbun. Focus on Kazakhstan and Azerbaijan assets INPEX holds stakes in the Kashagan oil field and the Azeri-Chirag-Gunashli oil fields. Until now, oil from these projects has…

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March 27, 2026

KMG puts $6.4 billion Russia-linked project on hold

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

KazMunayGas (KMG), the national oil company in Kazakhstan, has suspended work on the Kalamkas-Sea and Khazar fields in the Caspian Sea, which it has been developing in conjunction with Russia’s Lukoil, a company targeted by Western sanctions, Interfax reported. The news was officially confirmed by KMG CEO Askhat Khasenov. «We…

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March 27, 2026

Tungsten titan: China’s Boguty project made Kazakhstan a top producer

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

Hong Kong-based Chinese company Jiaxin International Resources reported a profit of $40 million, reversing a $22.5 million loss in 2024. The turnaround follows the launch of a tungsten ore processing plant at the Boguty deposit in southern Kazakhstan — the world’s fourth-largest tungsten reserve — according to Interfax, citing the…

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March 24, 2026

Shell and Eni lose right to build Karachaganak gas processing plant

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media
Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Работы по ГПЗ на Карачаганаке завершатся из-за решения Shell и Eni/КМГ

Kazakhstan is no longer considering the construction of a natural gas processing plant (NGPP) at Karachaganak under the final production sharing agreement (FPSA), according to PSA, the country’s authorized body overseeing the project. According to PSA, construction of the NGPP by the project operator is impractical from a technical, commercial…

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March 18, 2026

Chinese energy giant sues Kazakhstan to recover lost funds

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Business News Correspondent zh.mamyshev@kursiv.kz
Китайская компания подала в суд на Минэнерго Казахстана, пытаясь вернуть свои доходы/shutterstock, бильд-редактор: Дастан Шанай

China’s National Oil and Gas Exploration and Development Corporation (CNODC) has continued filing lawsuits in Kazakh courts seeking to invalidate an April 8, 2025, order by the Ministry of Energy that revised tariffs for transporting Russian oil through Kazakhstan to China. The development was disclosed in financial statements from KazTransOil,…

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March 14, 2026

Chinese tungsten firm pivots to Astana after losing mining prize

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

The Chinese company Xiamen Tungsten Co., Ltd. has established a subsidiary in the Astana International Financial Centre (AIFC) — Xiamen Tungsten Hanyuan Resources Co., Ltd. — according to Finmentor.kz author Arman Batayev. Previously, Xiamen Tungsten sought to gain control of the largest tungsten deposit in Kazakhstan’s Karaganda region. Operations and…

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Latest news
Казахстан не рассматривает возможность выхода из ОПЕК+/shutterstock, бильд-редактор: Дастан Шанай
April 30, 2026

Staying the course: Kazakhstan reaffirms its commitment to OPEC+

April 29, 2026

Kazakhstan’s central bank signals potential base rate cut in June

Poznan, Poland, October 24, 2023: OPEC oil petroleum fuel barrels in row concept. Organization Petroleum Exporting Countries oil producing export association industrial containers 3d illustration.
April 29, 2026

Why UAE is breaking away from OPEC and OPEC+

Фото: Shutterstock
April 28, 2026

Hooked on crude: The world’s most oil-dependent nations in 2026

April 28, 2026

Chinese investors fail to secure funding for locomotive plant near Astana

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