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.
In September 2021, gas prices in Europe soared to a historic high, showing everyone how much this type of fuel is in demand by consumers in Europe today.
During the XIV Eurasian KAZENERGY Forum in Nur-Sultan, the 5th National Energy Report (NER) was presented – a comprehensive document on the current state and prospects for the development of Kazakhstan's energy industry.
The autumn political season in Kazakhstan has started with personnel changes in the Government and at the local level. In early September, the country replaced the Ministers of energy and ecology and the mayor of one of the main oil-producing regions – the Mangystau region.
Mikhail Smirnov, Doctor of Political Sciences, Chairman of the Russian-Kazakh Business Council (on the part of the Russian Federation), President of the EnergoInnovatsia Association of Innovative Enterprises in the Energy Sector, answers the questions of Petroleum
In 2021, it is planned to launch an International Centre for the Development of Oil and Gas Engineering and Service in Kazakhstan. Vice-Minister of Energy of the Republic of Kazakhstan Zhumabay Karagayev told about how the centre will work and its tasks.
Exclusive interview of Shell Kazakhstan Country Chair, Mr Olivier Lazare, who will leave his position soon, for Petroleum Journal.
Beket Izbastin, General Director of PSA LLP, the authorized body in production sharing agreements, answers questions from Petroleum
Edwin Blom, General Director of Karachaganak Petroleum Operating B.V. (KPO), in an exclusive interview with Oleg Chervinskiy, publisher of Petroleum Journal, tells about the company's work in the context of the pandemic, the progress of implementation of investment projects, and prospects for the development of the Karachaganak field.
The coronavirus pandemic has dealt a severe blow to the global oil and gas industry. Decreased demand for energy resources due to the worldwide economy's lockdown, reduced mobility of the population, and the air transport sector’s stagnation caused the collapse of world oil prices. The collapse was supplemented by a decrease in oil and gas exports.
The global economic crisis caused by the Covid-19 pandemic has hit not only the oil and gas exploration and production industry but also related businesses, primarily oilfield services.
Minister Magzum Mirzagaliyev: «Kazakhstan aims to attract major investors in geological exploration.»#4 (124), September 2020
A year ago geological industry management underwent serious changes in Kazakhstan. A new state body - the Ministry of Environment, Geology and Natural Resources - was created, and the issue of the development of geology received higher status.
The oil and gas industry is experiencing its third price collapse in 12 years. After the first two shocks, the industry rebounded, and business as usual continued.
Yaromir Rabay, Executive Director of KAZENERGY Association, answers Petroleum's questions
The spring of 2020 for the global oil and gas industry has become truly dramatic, on par with, perhaps, the energy crisis of 1973.
At the year-end 2019 Kazakhstan produced a record amount of oil and gas condensate – 90.5 mln tons, and almost half of this volume was produced in the Atyrau region.