#2 (158), April 2026 To increase

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#2 (158), April 2026

ATYRAU OIL & GAS

Atyrau Oil & Gas

Kazakhstan❜s Oil and Gas Sector in 2025: Between a Record and the Outlines of a New Strategy

Kazakhstan❜s Oil and Gas Sector in 2025: Between a Record and the Outlines of a New Strategy

The past year was a period of quantitative growth for Kazakhstan’s oil and gas sector, alongside institutional shifts that, over the long term, may prove no less significant than the production metrics themselves.

Atyrau Region Leads Kazakhstan in Oil and Gas Production and Exports

Atyrau Region Leads Kazakhstan in Oil and Gas Production and Exports

The foundation of Atyrau Region’s economy remains the extractive sector, first and foremost the oil and gas industry, which determines the region’s significant role in the country’s industrial and economic development.

How Chevron Is Reshaping Kazakhstan❜s Economic Landscape

How Chevron Is Reshaping Kazakhstan❜s Economic Landscape

When the young Republic was still building the foundations of its economic system in the early 1990s, developing natural resources became more than a sectoral objective. It was a condition for the state’s survival. Oil and gas reserves in the subsoil existed more as potential than as a source of revenue. The country lacked the capital, the technology, and the managerial experience required to develop complex fields. It was at that moment that Chevron entered the Kazakhstani market, becoming one of the first major investors to back the country’s future.

How TCO is Shaping a Local Industrial Ecosystem

How TCO is Shaping a Local Industrial Ecosystem

By the end of 2025, the share of Kazakhstani content in the procurement of goods, works, and services by Tengizchevroil, LLP (TCO) reached 71%. Of this, the operator directed more than $1 bln to services alone, with the majority paid to Kazakhstani oilfield service companies. In other words, most TCO services are provided by Kazakhstani organizations. The goods segment also showed a clear shift: the share of locally produced goods rose to 15%, versus about 7% a year earlier.

A New Phase for Tengiz After the Launch of the Future Growth Project

A New Phase for Tengiz After the Launch of the Future Growth Project

Chevron remains one of the largest foreign investors in Kazakhstan's oil and gas sector and a key participant in two of the country's largest energy projects, Tengiz and Karachaganak. In 2025, Chevron completed the Future Growth Project (FGP) at the Tengiz field to increase oil production. Analysts at Teniz Capital Investment Banking regularly track key sectors of Kazakhstan’s economy and publish industry reviews. Zhasulan Ospanov, an independent director at Teniz Capital Asset Management, told Petroleum what benefits Kazakhstan can expect from modernizing the field. Teniz Capital Asset Management is part of the Teniz Capital group.

Strengthening Local Expertise: How ILF Develops the Next Generation of Engineers in Kazakhstan

Strengthening Local Expertise: How ILF Develops the Next Generation of Engineers in Kazakhstan

In Kazakhstan’s energy sector, long term success depends not only on proven reserves and advanced technology, but above all on people - engineers who can think globally while applying strong local expertise. At ILF Consulting Engineers in Kazakhstan, the development of young professionals has become a strategic priority, closely aligned with the country’s ambitions to strengthen its engineering capacity and enhance global competitiveness.

Welding «Old» and «New»: How AVC Production Modernized Coke Drums at the Atyrau Oil Refinery

Welding «Old» and «New»: How AVC Production Modernized Coke Drums at the Atyrau Oil Refinery

A delayed coking unit (DCU) is a cornerstone of deep conversion at any refinery, with both technological and economic significance. The stability of its operation directly affects the yields of light petroleum products, the loading of downstream units, and overall refining margins.

Expertise

Sanctions Limbo. Sanctions Against Russia❜s Oil Sector are Reverberating Through Joint Projects in Kazakhstan

Sanctions Limbo. Sanctions Against Russia❜s Oil Sector are Reverberating Through Joint Projects in Kazakhstan

The Russian company Tatneft has exited Butadiene LLP, a joint venture with the Kazakhstani state fund Samruk-Kazyna, in which it controlled a 75% stake. The project to build a plant producing butadiene and synthetic rubbers in the Atyrau Region has come under the control of Samruk-Kazyna subsidiaries.

Oil Chronicles

Oil Chronicles. January 2026

Oil Chronicles. January 2026

January 1, an order of the Minister of Energy freezing wholesale prices for liquefied petroleum gas on the domestic market entered into force. For six months, the maximum wholesale price will be 59,722 tenge per ton, excluding VAT.

As the Ministry stated, "this measure is aimed at stabilizing the wholesale liquefied petroleum gas market and protecting the interests of both producers and fuel consumers within the country."

Oil Chronicles. February 2026

Oil Chronicles. February 2026

Tatneft has withdrawn from the butadiene rubber plant project in the Atyrau Region. The Russian company held a 75% participating interest in Butadiene LLP, the project operator, and the remaining 25% had been transferred to it under trust management by the state entity Samruk-Kazyna Ondeu. As of February 1, 99.999% of the participating interest in the LLP is held by Samruk-Kazyna Ondeu.

Legislation

On Approval of the Rules for Issuing an E-invoice and its Form

On Approval of the Rules for Issuing an E-invoice and its Form

As of 1 January 2026, Order No. 629 (“Order”) of the Minister of Finance of the Republic of Kazakhstan (“RK”) entered into force, approving the Rules for issuing an e-invoice and its form. The text of the Order has been published in the legal information system of normative legal acts of the RK “Adilet”.