In 2020, Kazakhstan's revenue from the total volume of exports of products amounted to 41.2 bln US dollars. This is 28% less than in 2019 ($57.7 bln).
23 February 2021 – Karachaganak Petroleum Operating B.V. (KPO) has announced its performance results for 2020.
Despite the COVID-19 pandemic and challenging market conditions, Tengizchevroil has maintained its position as a leader in Kazakhstan's oil and gas industry, maintaining uninterrupted production and continuing to maintain high safety and environmental performance.
2021 started positively for the oil market – oil rose in price after the next OPEC+ meeting, but the risks of destabilization are still high, since the higher the prices, the more negative factors.
Without market liberalization, they are pessimistic in Kazakhstan
On the first day of 2021, the so-called "local content" in Kazakhstan's oil and gas projects went down in history. The fetish of the last two decades, trumpeting which, the Government imitated the departure from the commodity dependence of the Kazakhstani economy.
NCOC, the North Caspian Consortium operator developing the Kashagan field on the Caspian shelf, announced on February 18 that Richard Howe is stepping down as Managing Director of NCOC in June 2021 due to his appointment to the Shell office in Houston, USA.
Starting February 1, 2021, the new General Director of Tengizchevroil LLP (TCO), a joint venture leading the development of the Tengiz and Korolevskoye fields.
May 4, Deputy Chairman of the Management Board for Economy and Finance of KazMunayGas Dauren Karabayev said during an online briefing that the national company would not place part of its shares on the stock market this year.
June 5, at a meeting of the Management Council of the Samruk-Kazyna National Welfare Fund under the chairmanship of the first President of Kazakhstan-Elbasy Nursultan Nazarbayev, a decision was made to reorganize the National Company KazMunayGas.
July 1, at the Atyrau refinery, scheduled shut-down repairs began at 15 processing units of four production facilities.
August 2, Karachaganak Petroleum Operating B.V. announced the successful completion of the bridge reconstruction project in Uralsk as part of the social and infrastructure program.
Starting September 1, Tengizchevroil has begun to re-mobilize personnel critical for safe and uninterrupted production activities, and that perform work under the framework of the FGP-WPMP within the time frame set by the schedule.
October 7, Chairman of the Management Board of KazMunayGas Alik Aidarbayev and President of LUKOIL Vagit Alekperov signed in Moscow an agreement on the Al-Farabi project.
November 9, Adilbek Dzhaksybekov was elected Chairman of the Board of Directors of KazTransGas JSC, replacing Kairat Sharipbayev.
Timur Kulibayev appealed to the Prosecutor General's Office of Kazakhstan with a request to conduct an official audit of the information contained in the Financial Times publication.
The Tax Code has been amended from 1 January 2021 to significantly change how dividends paid by Kazakhstan companies to foreign investors are taxed and to make it more difficult to fully exempt profit distributions from tax in Kazakhstan.