PETROLEUM. Analytical journal. New projects, fields’ development, production, processing and transportation of oil and gas, presentation of the companies, statistics on the production of hydrocarbons, monitoring of investment legislation.

Kazakh Oil for the European Union. Can Europe Replace Russian Crude with Kazakhstan❜s?

KazMunayGas and the Croatian oil transportation system operator JANAF, following the results of the first meeting of the Kazakh-Croatian intergovernmental commission on trade and economic cooperation in Zagreb earlier this year, have signed a memorandum of understanding. The document confirms the readiness of the parties to begin discussing cooperation in oil transportation and the storage of oil and oil products.

Year-End Summary of Kazakhstan❜s Gas Sector

The national company QazaqGaz, with the support of the government, the Ministry of Energy of Kazakhstan, and the Samruk-Kazyna Fund, has carried out extensive reforms in the country's gas industry over the past two years. These reforms have already produced tangible results: for the first time in the company's history, dividends were paid out to the Samruk-Kazyna Fund in the amount of 27 bln tenge.

The return of the Great Silk Road

In the middle of October 2023, Kazakhstan President, Kasym-Zhomart Tokayev, took part in a 10th Anniversary Forum for the global “One Belt, One Road” initiative.

The Kazakhstan President noted that the initiative had proved its worth, been recognised by the global community and transformed itself into an immense project on a global scale, becoming a vital platform for collaboration.

Uzbekistan Considers Gas Hub Project for China, India, and Pakistan

The commencement of Russian gas deliveries to Uzbekistan via Kazakhstan in early October marked a major headline of 2023 in the global energy market. Industry experts are noting the significant potential of this collaboration, eyeing the possible expansion of transit routes not just to China, but also to India and Pakistan through the TAPI pipeline. In this setup, Uzbekistan stands to not only earn revenue from the transit of Russian gas but also to establish itself as a fully-fledged gas hub, thereby enhancing its potential.

The Kalamkas-Sea, Khazar, Auezov Project Advances The Kalamkas-Sea, Khazar, Auezov Project Advances

The offshore Caspian project, Kalamkas-Sea, Khazar, Auezov, agreed upon for joint implementation by KazMunayGaz and Lukoil, is expected to enter the project documentation phase in the fourth quarter of the current year, as revealed by the head of KMG, Magzum Mirzagaliyev. He noted that the procedures for forming the project operator, Kalamkas-Khazar Operating LLP, are nearing completion.

China's March. The Celestial Empire Expands Presence in Kazakhstan's Oil and Gas Sector

Kazakhstan's President Kassym-Jomart Tokayev returned from Xi'an with a substantial package of signed bilateral agreements that will bolster Chinese presence in the country's oil and gas industry. The state visit took place from May 16th to 20th and was aligned with the Kazakhstani leader's participation in the Central Asia-China summit.

The Innovative Technology of PetroKazakhstan for the Sake of Company and Environment

The Project “Processing Liquid Oily Waste by Centrifugal Separation with the Production of Sales Oil, Purified Water and Waste Solids” implemented by PetroKazakhstan Kumkol Resources JSC won Tech Garden Awards-2022 and also became the winner in the Best Environmental Project nomination.

KPO Reports 2022 Performance Results

Karachaganak Petroleum Operating B.V. (KPO) has announced its performance results for 2022.

Over this period, KPO produced nearly 129 million barrels of oil equivalent of stable and unstable liquid hydrocarbons, export raw gas and sweet fuel gas.