The Era of «Easy Oil» is Over: How Kazakhstan❜s Oil and Gas Industry is Changing

While analysts are revising forecasts for global oil prices amid global instability, the oil and gas industry itself is changing. Until recently, large hydrocarbon reserves were considered the main advantage. Today, modern oil and gas projects compete through technology, digital solutions, industrial safety, artificial intelligence, and the efficiency of every dollar invested. We look at how these trends are reflected in one of Kazakhstan’s largest industrial projects, the Tengiz field.

Women❜s Perspectives on Oil Production Forty Years of Kumkol: Five Stories of Professional Dedication, Responsibility, and Life-Changing Choices

Forty Years of Kumkol: Five Stories of Professional Dedication, Responsibility, and Life-Changing Choices

The history of Kazakhstan's oil industry includes fields that have become far more than industrial assets—they have evolved into centers of professional excellence and engineering expertise. Kumkol, whose commercial development began forty years ago, is undoubtedly one of them. Over the decades, technologies, production processes, and management practices have continued to evolve, but the driving force behind the field's success has always remained the same: its people.

From Extending Equipment Service Life to Building New Process Complexes. AVC Production solves complex engineering challenges at Kazakhstani refineries

AVC Production solves complex engineering challenges at Kazakhstani refineries

Until comparatively recently, the modernisation of Kazakhstan's refining capacity was associated above all with the construction of new process units, the increase in refining depth, and the shift to producing motor fuels of higher environmental classes. These objectives largely shaped the industry's development over the past two decades. Today, the projects coming to the fore are not necessarily linked to expanding production capacity, yet it is precisely on them that the reliability of operating facilities, product quality, compliance with environmental requirements, and the overall efficiency of refining depend.

ILF❜s international experience brings industry best practices to Kazakhstani projects

Exclusive Interview with Ivan Circelli, Managing Director of ILF Consulting Engineers in Kazakhstan, for Petroleum Magazine

– Over the past years, Kazakhstan’s oil and gas industry has undergone significant transformation. In your view, how has the role of international engineering and consulting companies evolved in the development of major energy projects in the country?

Why Transfer Your Pension Savings to a Private Management Company

An interview with Ruslan Zerilov, Managing Director of BCC Invest

Since 7 September, Kazakhstanis have had the right to transfer up to 100 per cent of their pension savings from the Unified Accumulative Pension Fund (UAPF) to management by private investment companies. This change significantly expands the options for those who wish to choose the strategy for managing their pension savings themselves. How to choose a reliable manager, what risks exist, and what guarantees are in place — we explore these questions with Ruslan Zerilov, Managing Director of BCC Invest.

Oil Chronicles. June 2026

June

June 4, Gazprom signed an agreement with the Republic of Kazakhstan on additional gas supplies in 2026. "The parties gave a high assessment to the strategic partnership in the gas sphere. In particular, they noted Gazprom's significant contribution to ensuring reliable gas supplies to the republic and to strengthening the energy security of Central Asia," Gazprom said in a statement. The volume of the additional supplies has not been made public.