Tin One Mining, a subsidiary of Solidcore Resources plc, Kazakhstan’s major gold producer, plans to begin ore extraction at the Syrymbet tin deposit in the North Kazakhstan region in 2027, according to the Committee for Environmental Regulation and Control (CERC). Production to begin in 2027 Under the revised plan, the…
According to Azamat Amrin, Kazakhstan’s first vice minister of national economy, the country could receive additional budget revenue if high oil prices persist. Crude oil is currently trading at around $100 per barrel, while Kazakhstan’s 2027 budget assumes an oil price of $70 per barrel. Therefore, higher-than-projected oil prices could…
Kazakhstan’s Ministry of Defense plans to conduct underwater surveys and explosive ordnance disposal operations in the country’s sector of the Caspian Sea to clear planned routes for subsea oil pipelines for the Kalamkas-Sea and Khazar project. The plans are outlined in the rationale for proposed amendments to Kazakhstan’s Tax Code,…
Kazakhstan’s Tau-Ken Samruk national mining company earned 111.4 billion tenge (about $250 million) in profit in the first half of the year, more than double its profit a year earlier. Nearly half of that amount — 55.2 billion tenge — came from the sale of a 70% stake in the…
Portugal is exploring whether deep layers of porous rock could store surplus renewable electricity, potentially offering a large-scale alternative to conventional batteries, Euronews reported. Researchers from NOVA University Lisbon and the University of Lisbon have studied how this technology, known as compressed-air energy storage, could help address one of the…
Companies working on complex projects in Kazakhstan will be required to gradually replace foreign specialists with Kazakhstani personnel under the Improved Model Contract (IMC). Energy Minister Yerlan Akkenzhenov announced the requirement at a recent cabinet meeting. However, his report did not clarify whether the changes cover Kazakhstan’s three largest oil…
Extreme heat could be far more damaging to global rice production than previously thought, according to a study by German scientists who analyzed hundreds of field experiments. The study was conducted by scientists from the Helmholtz Centre for Environmental Research in collaboration with the Potsdam Institute for Climate Impact Research.…
Kazakhstan’s Ministry of Justice has denied reports that the collection of a 2.3 trillion tenge (about $5 billion) environmental fine from NCOC, the operator of the Kashagan oil field, in favor of the state has been terminated. «NCOC has currently appealed the actions of the state bailiff. Therefore, the Atyrau…
Seven OPEC+ countries have agreed to maintain their September 2026 required oil production levels in October, according to the Organization of the Petroleum Exporting Countries. The decision was made during a virtual meeting on Sept. 6 to review global oil market conditions and the outlook. The seven participating countries are…
Kazakhstan’s Ministry of Industry and Construction said that, starting in 2027, the country will put promising new subsoil blocks prepared under its large-scale state geological study of subsurface resources program up for investment auctions. The announcement was made during Industry and Construction Minister Yersaiyn Nagaspayev’s working visit to the Ulytau…
The traditional five-day, 40-hour workweek is increasingly being challenged as companies and governments recognize that longer hours do not necessarily translate into greater productivity. A recent ranking by World Population Review highlights how the global shift toward shorter work schedules is reshaping ideas about productivity and employee well-being. From experimental…
A few years ago, journalist and blogger Kirill Pavlov came up with an unusual way to track the value of the U.S. dollar against the Kazakh tenge: the «Shymkent Shashlik Index.» He first discussed the idea in 2020. At the time, a single skewer of shashlik (kebab) in Shymkent cost…
In July, Georgia imported Kazakhstani oil for the first time. The shipment totaled 5,500 tons and was worth $3.2 million, according to data from Georgia’s National Statistics Office. The average price of oil shipped from Kazakhstan was around $582 per ton. For comparison, Georgia imported 87,400 tons of Russian oil…
The UK-registered company Nostrum Oil & Gas will sell its oil and gas assets in Kazakhstan to Altaris Holding, a company associated with Kazakhstani tycoon Kenes Rakishev. Oil and gas industry analyst Nurlan Zhumagulov believes that for Rakishev, the value of Nostrum Oil & Gas’s assets may lie not only…
The Gornyak Artel, a gold mining company operating in Kazakhstan’s Abay region, reported 8 billion tenge ($15.4 million) in profit in 2025, up 2.3% from the previous year. The company is owned by Liechtenstein citizen Adrian Roman Rheinberger. Gornyak is a subsidiary of gold mining company Akzhal Gold Resources. Its…
Kazakhstan-China Pipeline (KCP), which operates the Atasu-Alashankou and Kenkiyak-Kumkol oil pipelines, reported a 26% decline in net profit in 2025, according to its financial statements. The company’s net profit fell to 27 billion tenge (approximately $52 million) from 36.5 billion tenge a year earlier. Revenue declined 13.3%, from 87.9 billion…
Kazakh company Esil-Mining plans to begin producing approximately 1 million tons of wolframite ore annually at the Aksoran deposit in the Aiyrtau district of North Kazakhstan region by 2028, Qazba.kz reports, citing the company’s Potential Impact Report (PIR) based on an updated mining plan. The sole owner of Esil-Mining is…
KazMunayGas Karachaganak, a wholly owned subsidiary of Kazakhstan’s national oil and gas company KazMunayGas (KMG), plans to reduce capital expenditures on the Karachaganak project by nearly threefold in 2027, to 10.9 billion tenge (about $23 million) from 29.96 billion tenge. The plans are outlined in the company’s financial statements. The…
U.K.-based Ferro-Alloy Resources, which is developing the Balasausqandiq vanadium deposit in Kazakhstan’s Kyzylorda region, has submitted applications for funding from U.S. government agencies and has begun exploring the extraction of the rare earth element yttrium as a potential byproduct. The company disclosed the plans in a strategic update published on…
KMG International, a subsidiary of KazMunayGas (KMG), Kazakhstan’s national oil and gas company, reported a profit of $87 million in the first six months of 2026, compared with a $6 million loss in the same period of 2025, KMG reported. Consolidated EBITDA reached $203 million, up 40% year over year,…
Negotiations to sell Brazilian mining company Bahia Mineração (Bamin), part of Kazakh mining group Eurasian Resources Group (ERG), to Portugal’s Mota-Engil are in the final stages. An agreement could be signed within the next few weeks, according to BNamericas. Read also: China enters talks for Kazakhstan’s stalled Brazilian mega-project. The…
Kazakhstan-based Resurs 2018 plans to develop the Bayan tungsten deposit in the Aiyrtau district of the North Kazakhstan region, with production of up to 1 million tons of tungsten ore per year expected to begin in 2027. The project’s ultimate beneficial owners include several individuals, including Mukadaskhan Ibragimova and billionaire…
British oil and gas company Nostrum Oil & Gas announced on the Astana International Exchange (AIX) that it is in talks to sell its Kazakhstan business, with all of the company’s assets located in the country. The company said it has received interest from a potential buyer. According to Nostrum…
Tengizchevroil (TCO), which operates Kazakhstan’s Tengiz oil field, plans to produce up to 40 million tons of oil by the end of 2026, according to Kazakhstan’s Ministry of Energy. In 2025, TCO produced 39 million tons of oil. In the first half of 2026, TCO produced 16.6 million tons of…
