Eight OPEC+ countries — Saudi Arabia, Russia, Iraq, the United Arab Emirates (UAE), Kuwait, Kazakhstan, Algeria and Oman — have agreed on a quota increase of 547,000 barrels per day (bpd) for September, according to a statement on the organization’s website following the Aug. 3 meeting. In particular, Kazakhstan’s quota…
Oil majors developing the Kashagan field — Kazakhstan’s largest oil and gas field on the Caspian shelf — have won a $4.2 billion environmental dispute in an Astana appeals court, according to Bloomberg. Sulfur dispute The case stemmed from a 2022 fine imposed by Kazakh authorities over excessive sulfur storage…
President of Kazakhstan Kassym-Jomart Tokayev believes the country has strong potential to become the leading air hub in the region. To achieve this, he emphasized the need to boost both passenger and cargo transportation. Speaking at an event dedicated to Transport Workers’ Day, the president highlighted that the most critical…
U.S. President Donald Trump has signed an executive order imposing a 25% tariff on imports from Kazakhstan, part of a broader trade move affecting more than 70 countries. The order, titled «Further Modifying the Reciprocal Tariff Rates,» was published July 31, 2025, on the White House website. Previously, imports from…
The European Union has created an exemption in its 18th sanctions package allowing Kazakh coal to transit through certain Russian ports, Kazakhstan’s Ministry of Trade and Integration announced. According to the ministry, the exemption applies only to coal of Kazakh origin. Additionally, the cargo must be owned by entities not…
The Caspian Sea, the world’s largest inland body of water, has reached its lowest level in recorded history, dropping below minus 29 meters based on the Baltic height system (BHS-77). The sharp decline has particularly impacted the shallow northern part of the sea, which borders Kazakhstan and Russia, according to…
Shares of KazMunayGas (KMG), Kazakhstan’s national oil company, have surged more than 25% over the past two months, despite a lack of clear catalysts, according to data from the Kazakhstan Stock Exchange (KASE). Steady growth Since May 22, 2025, KMG stock has climbed steadily, reaching 18,699 tenge (nearly $35) per…
Kazakhstan will not pursue a hardline revision of production sharing agreements (PSAs) with foreign investors operating the country’s largest oil fields — Tengiz, Karachaganak and Kashagan — according to Prime Minister Olzhas Bektenov. In January 2025, President Kassym-Jomart Tokayev directed the cabinet to accelerate negotiations on extending PSAs under new,…
According to estimates from Kazakhstan’s Ministry of Industry and Construction, given current extraction volumes, the country has enough gold to mine for the next 30 years, while iron ore reserves could last an estimated 957 years. «Kazakhstan maintains its position as a country with immense reserves of natural resources. The…
KazMunayGas (KMG), Kazakhstan’s state-owned oil and gas company, reported that oil production at the Dunga field in the Mangystau region reached 340,000 tons between January and June 2025, an increase of 7,000 tons year-on-year. In 2024, the field produced 630,000 tons of oil, and KMG is projecting the output to…
Condor Energies Inc., a Canadian-based energy transition company, will build methanol and liquefied natural gas (LNG) plants in Kazakhstan. Once operational, the LNG plant will be the first of its kind in Central Asia, according to the administration of the Mangystau region. The announcement followed a meeting on July 8…
Kazakhstan and other OPEC+ countries will increase oil production in August to help maintain market stability, the group announced. The increase is part of a phased rollback of voluntary production cuts. The eight OPEC+ countries — Kazakhstan, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Algeria and Oman —…
A new uranium processing plant has been launched in the Sozak district of Kazakhstan’s Turkestan region, according to Kazatomprom, the country’s national nuclear company. The plant is located at the South Tortkuduk deposit and is operated by KATCO, a Kazakh-French joint venture in which France’s Orano Mining holds a 51%…
Signs of a growing deficit are emerging in the global uranium market, according to Dastan Kosherbayev, chief strategy and international development officer at Kazatomprom, Kazakhstan’s national nuclear company and the world’s largest uranium producer. Speaking at the Virtual Uranium Conference, as reported by Inbusiness.kz, Kosherbayev warned that the imbalance is…
Kazatomprom, Kazakhstan’s state-owned nuclear company, has released a response to the U.S. Department of Commerce’s Bureau of Industry and Security regarding an ongoing investigation into the national security risks posed by imports of processed critical minerals and their derivatives. The investigation, announced in April, sought public comments by May 16,…
Between January and May 2025, Kazakhstan’s Tengiz field produced 15.9 million tons of crude oil, according to KazMunayGas (KMG), the national oil and gas company. Output at the country’s largest oil and gas field is now projected to reach 35.7 million tons by the end of the year, an upward…
Kazakhstan’s Ministry of Energy announced that plans to build a gas processing plant (GPP) at the Karachaganak field have been shelved after talks with foreign investors collapsed over financial terms. The government declined conditions proposed by the consortium, led by Eni and Shell, which included a demand for an additional…
The recently concluded U.S.-China trade talks, which resumed on June 9 in London, focused on easing tensions over rare earth elements and advanced technology. These developments could place Kazakhstan and Ukraine at the forefront of the search for alternative sources of critical minerals. President Donald Trump has authorized his trade…
Kashagan, Kazakhstan’s largest oil and gas field on the Caspian shelf, is scheduled for an equipment upgrade in 2026, according to the North Caspian Operating Company N.V. (NCOC), the field’s operator. Holding production steady The planned upgrade will enable additional lines to be connected to the existing process pipeline system…
Chevron, Eni, Shell and other global oil majors are being pushed to increase their reliance on local suppliers as Kazakhstan moves to strengthen domestic economic participation in its multibillion-dollar energy projects. Kazakhstan’s Prime Minister Olzhas Bektenov has called on operators of the country’s three largest oil and gas fields —…
Chinese-linked companies have emerged as major winners in Kazakhstan’s latest online auction of hydrocarbon blocks, securing rights to half of the available sites, according to the country’s Ministry of Energy. Four blocks for hydrocarbon exploration and production were awarded in the subsoil use rights auction. The winning companies are as…
Foreign shareholders of Karachaganak Petroleum Operating B.V. (KPO) are reportedly unwilling to invest in the construction of a gas processing plant (GPP) with an annual capacity of 4 billion cubic meters at the Karachaganak field in the West Kazakhstan region. The news was reported via the Energy Monitor Telegram channel,…
Prices for Kazakhstani oil, which is being exported in growing volumes to the global market, may decline, according to Dex Wang, director of strategy development at S&P Global Commodity Insights, a leading provider of energy and commodities market intelligence. During the annual S&P Global Commodity Insights Astana Market Briefing on…
Kazatomprom, Kazakhstan’s national nuclear company, has not reported corporate events to the Kazakhstan Stock Exchange (KASE) since October 2024 and no longer provides information on its ownership structure, according to the company’s response to a recent inquiry from Kursiv.media. The company said the change aligns with KASE’s internal rules for…
