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#2 (134), April 2022 To increase

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#2 (134), April 2022

Caspian Region

Results and Prospects

Year in Review: Oil, Gas, Petrochemicals, and Local Content

Year in Review: Oil, Gas, Petrochemicals, and Local Content

The Ministry of Energy summed up the results of the work of the oil and gas industry in 2021 during the extended board meeting. According to the results of 2021, 85.9 mln tons of oil were produced in Kazakhstan; the plan for 2022 is 87.5 mln tons. Of this volume, 67.6 mln tons of oil were exported (the goal for 2022 is 69 mln tons). The petroleum products production volume amounted to 12.7 mln tons.

Net Profit for the KMG Group Increased Sevenfold

Net Profit for the KMG Group Increased Sevenfold

National Company KazMunayGas JSC, Kazakhstan's national vertically integrated oil and gas company, announced operating results for 2021 and presented a financial report for last year.

Exclusive

How Can We Activate Geological Exploration?

How Can We Activate Geological Exploration?

According to the estimates of the reputable consulting company IHS Markit, presented in the National Energy Report of 2021, as of the end of 2020, the residual proven and prospective (2P) oil reserves in Kazakhstan amounted to 26.5 bln barrels (about 3.44 bln tons). At the same time, their volume did not change significantly compared to the estimate for 2019 since no large fields were discovered during this period.

Caspian region

A Brief Analysis of the Oil and Gas Industry of the Atyrau Region

A Brief Analysis of the Oil and Gas Industry of the Atyrau Region

Atyrau region is one of the largest industrial regions of the country and is rightfully considered a pioneer in the emergence of the oil industry in Kazakhstan. In the region, in 1899, a gush of oil at the Karashungul field flowed, which marked the beginning of the history of Kazakh oil. Commercial production began in 1911 at the Dossor field. Last year, the famous Dossor oil field celebrated its 110th anniversary.

Phase-1 of the Eurasia Project will be Completed by the End of this Year

Phase-1 of the Eurasia Project will be Completed by the End of this Year

Baltabek Kuandykov, Doctor of Geological and Mineralogical Sciences, President of the Kazakhstan Society of Petroleum Geologists, General Coordinator of the Eurasia project, in an exclusive interview with Petroleum, tells about the history, current state, and prospects of an ultra-deep well drilling project in the Caspian Basin.

ExxonMobil's Commitment to Driving Emission Reductions in Support of a Net-zero Future

ExxonMobil's Commitment to Driving Emission Reductions in Support of a Net-zero Future

The move to a lower-emission future requires multiple solutions that can be implemented at scale to address some of the highest-emitting sectors of the economy. This is where we are focused, leveraging our experience and long history of meeting vast, complex challenges.

Social Responsibility

Karachaganak: Partnership and Development is the Main Priority

High-quality work distinguishes all Karachaganak Petroleum Operating B.V activity areas at the global standards level. This is a strict requirement both in production and in the social sphere.

Oil Chronicles

Oil Chronicles 2021

Oil Chronicles 2021

October 7, the Russian holding SIBUR, the Samruk-Kazyna Fund, and the national company KazMunayGas signed agreements on the basic conditions of cooperation on petrochemical projects in the territory of the National Industrial Petrochemical Technopark special economic zone in Atyrau.

Green Energy

ESG and Carbon Projects for Kazakhstan

ESG and Carbon Projects for Kazakhstan

Some time ago, the ESG concept appeared in Russia and slowly but progressively began to be discussed and, most importantly, implemented. This abbreviation from the words Environmental, Social, Governance means a set of company management characteristics reflecting its participation in solving environmental, social, and managerial tasks.