To increase
Archive
#2 (152), April 2025
Exclusive
Kazakhstan Plans to Increase Oil and Gas Production This Year
Oil production at the giant Tengiz field is planned at 34.8 mln tons in 2025, at the offshore Kashagan field—17.9 mln tons, and at the Karachaganak oil and gas condensate field—12.4 mln tons. These figures were presented by Kazakhstan’s Minister of Energy, Almasadam Satkaliyev, at the ministry’s extended board meeting dedicated to the results of 2024 and the tasks for the current year.
Atyrau Oil & Gas
Atyrau Region: The Paradox of Oil and Sustainability
Atyrau Region is Kazakhstan’s oil capital. This is where the resources that fuel the national budget are extracted. However, the region finds itself in a paradox: colossal oil production revenues do not guarantee sustainable development. Instead, the region faces demographic imbalances, dependence on resource rents, and limited economic diversification.
Priority on Developing Local Producers and Sustainable Partnerships
Tengizchevroil LLP (TCO) is one of the “three pillars” of Kazakhstan's oil and gas industry. It remains the country’s largest oil producer and the largest taxpayer in the national budget. Since its establishment in 1993, TCO has consistently contributed to the Republic of Kazakhstan by making direct financial payments totaling $201 billion. In 2024 alone, payments to Kazakhstan amounted to $11 billion.
So That Childre Are Healthy: Chevron Supports Fetal Medicine in Kazakhstan
Chevron, one of the world’s leading integrated energy companies, operating in numerous countries worldwide, adheres to the "three pillars" approach in its sustainable development investments. This means that the company prioritizes three key areas for social investments in the regions where it operates: healthcare, education, and economic development. To achieve the goals set by this strategy, Chevron works closely with local partners. One of its trusted partners in Kazakhstan is the AYALA Charity Foundation.
Advantek Engineering: A Full Cycle from Control System Design to Customer Personnel Training
Advantek is a dynamically developing company in Kazakhstan’s engineering services market. With extensive experience and deep expertise in industrial automation for the oil and gas industry, the company provides a full cycle of modern solutions, from the modernization and expansion of existing systems to the automation of new facilities of any complexity.
Exceptional Kashagan – Terms and Prospects
The Kashagan oilfield, located offshore in the northern Caspian Sea, is one of Kazakhstan's most significant energy assets and a cornerstone of its oil production. It is the second-largest producer in Kazakhstan by volume but holds the largest reserves, accounting for almost half of the country's recoverable oil reserves.
The Unified Registry of Manufacturers to Replace CT-KZ and Industrial Certificates
Kazakhstan is considering a new law establishing a unified registry of manufacturers. The law is set to take effect this year, and previously issued certificates will remain valid until January 1, 2026. In an exclusive interview with Kazinform, Mazhilis deputy and head of the working group on the bill, Mukash Iskandirov, commented on the upcoming changes in Kazakhstan’s local content policy following the law’s adoption.
Oil Chronicles
Oil Chronicles. January 2025
January 2025. Russia has maintained duty-free quotas for Kazakhstan in 2025, allowing the supply of 1.12 mln tons of motor fuel and fuel oil, as well as approving the export of 225,000 tons of gasoline from the Condensate refinery beyond the Eurasian Economic Union (EAEU).
Oil Chronicles. February 2025
February 2025. February 1, Farhat Abytov stepped down as Executive Director for the Oil and Gas Industry at the KazEnergy Association following his appointment as Deputy Chairman of the Management Board of National Geological Service JSC.
Projects
Kazakhstan Seeks Higher Profits from Its Major Oil and Gas Projects
Although between 8 and 17 years remain until the expiration of Kazakhstan’s three largest oil and gas production contracts—signed in the early years of the country’s independence—Astana has already announced its intention to renegotiate them to secure more favorable terms for the country.
Gas Pricing Reforms in Kazakhstan: Challenges, Solutions, and Prospects
Kazakhstan’s gas industry has entered an era of sweeping reforms, emerging as a key driver in the transformation of the country’s energy sector. For years, the fixed domestic gas prices system has provided social benefits and ensured affordable energy supply for households and businesses. However, it has also led to significant financial challenges for the national operator, hindered investment in infrastructure, and weakened the industry’s competitiveness.