Kazakhstan’s open defiance of OPEC+ production cut commitments is raising questions about whether the country may exit the alliance, potentially triggering a painful price war at a time of global market volatility, according to the Reuters news agency. Kazakhstan’s Energy Minister Yerlan Akkenzhenov told Reuters on Wednesday, April 23, that…
Kazakhstan, which has frequently exceeded its oil production quotas under the OPEC+ agreement, will independently set its output levels in the future, Energy Minister Yerlan Akkenzhenov said in a recent interview with Reuters. Akkenzhenov emphasized that the ministry will fully support increased production at the country’s largest oil field Tengiz,…
Arbitration proceedings over Kashagan — Kazakhstan’s largest oil field located on the Caspian shelf — could drag on until 2028, according to a new investigation by the International Consortium of Investigative Journalists (ICIJ). ICIJ’s findings are based on a confidential interim ruling in a $160 billion case, which centers on…
Kazakhstan has proposed a uranium mining and fuel supply deal to support Turkey’s growing nuclear energy ambitions, according to Baurzhan Duisebayev, CEO of the Chemical Engineering Design Bureau. «Suddenly, Turkey is leading the way: four reactors are under construction there, and it could become a valuable new partner for Kazakhstan,»…
Oil and uranium account for 73% of Kazakhstan’s exports to the U.S. This category of goods is likely to be exempt from new tariffs imposed on trade partners of the U.S. by President Donald Trump. The White House has already published a document listing goods free of new duties. The…
Kazakhstan’s Prime Minister Olzhas Bektenov has signed a government decree granting Altyn Group Qazaqstan, a subsidiary of the British A Gold Plc, a temporary lease on a 71.37-hectare plot within the former Semipalatinsk nuclear test site. The company plans to expand gold mining operations in the Abay region, where the…
Orano, a French nuclear fuel company, and Navoiyuran, Uzbekistan’s state-owned uranium mining enterprise, have signed an agreement to advance the industrial development of the South Djengeldi uranium deposit, Orano announced in a statement. Under the deal, uranium production is expected to ramp up to 700 tons per year within the…
A two-day meeting of Caspian Pipeline Consortium (CPC) shareholders took place in Abu Dhabi, the United Arab Emirates, from Feb. 25 to Feb. 26, where they discussed the Ukrainian drone attack on the facility. In the late hours of Feb. 17, a group of Ukrainian unmanned aerial vehicles (UAVs) attacked…
Companies from the U.S., the European Union and China can bid for rights to Kazakhstan’s rare earth and rare metal deposits at government-held auctions, according to the country’s Minister of Industry and Construction Kanat Sharlapaev. Competition among major global players for these critical materials — essential for renewable energy, electric…
Russia and China’s drive to ensure economic security amid global uncertainty could accelerate the launch of key energy projects in Kazakhstan. The word «uncertainty» has quickly become one of the most frequently used terms in forecasts for 2025. It repeatedly appears in the recent Global Risks Report 2025 by the…
The U.S. presidential election will take place on Nov. 5, with a tight race between the Democratic candidate Kamala Harris and the Republican former president Donald Trump. The election outcome will influence many global processes, including the economy. For Kazakhstan, one critical factor is the global price of oil, which…
Kazakhstan’s claims against a group of international oil majors involved in developing the Kashagan field have increased to $160 billion. The government recently raised its demand by more than $10 billion, alleging that certain deals were tainted by corruption, according to Bloomberg. This latest development has sparked speculation about who…
As product-sharing agreements on Karachaganak, Kashagan and Tengiz are getting closer to expiring, new negotiations between Kazakhstan and foreign investors are looming ahead. We have to talk in the same language on these negotiations,” says Askar Ismailov, head of the PACE analytical company. Of course, he doesn’t mean the English…
In 2022, the combined capacity of renewable energy power stations in Kazakhstan rose by 4.5% and reached 2.5 gigawatts. Last year, Kazakhstan’s power stations produced 112.8 billion kilowatt-hours in total. About 5.1 billion kilowatt-hours were generated by renewable sources like solar and wind power stations, small hydroelectric power stations and…
The parliament deputies suggest launching an investigation into crimes against the people of Kazakhstan
