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Gas as the Key to the Country❜s Decarbonization

#4 (148), September 2024 Gas as the Key to the Country❜s Decarbonization

Over the past years, the national company QazaqGaz has implemented numerous large-scale projects in sustainable development. Additionally, the company has been reporting on sustainable development for the second consecutive year according to the GRI (Global Reporting Initiative) standards. Based on last year’s results, it received its first ESG rating from the leading rating agency Morningstar Sustainalytics, ranking seventh among gas transportation companies globally and first among hydrocarbon production companies in Kazakhstan, as evaluated by this agency. Sanzhar Zharkeshov, General Director of NC QazaqGaz JSC, discusses the company's key achievements and development plans in ESG.

Challenges in Kazakhstan❜s Upstream: High Costs and Industry Regulation

#4 (148), September 2024 Challenges in Kazakhstan❜s Upstream: High Costs and Industry Regulation

Halyk Finance Analytics Center has prepared a review of Kazakhstan's oil sector for 2023 (authored by expert Sanzhar Kaldarov and advisor to the board chairman Murat Temirkhanov). Petroleum Journal introduces its readers to the main points of the review concerning the challenges currently faced by the oil and gas extraction industry.

Leadership Change at the National Company KazMunayGas

#3 (147), June 2024 special issueLeadership Change at the National Company KazMunayGas

By decision of the general meeting of National Company KazMunayGas JSC shareholders, Askhat Khasenov was elected as Chairman of the company's board starting May 28, 2024. Simultaneously, he was elected as a member of the JSC's Board of Directors until the expiration of the term of the Board as a whole.

How Chevron Invests in the Diversification of Kazakhstan❜s Economy

#3 (147), June 2024 special issueHow Chevron Invests in the Diversification of Kazakhstan❜s Economy

Vice Minister of Energy of the Republic of Kazakhstan Alibek Zhamauov and Damon Thornburg, General Manager of Finance for Chevron Eurasia Business Unit and General Director of Chevron Direct Investment Fund Ltd. (CDIF), discuss the activities of CDIF in Kazakhstan in an interview with Petroleum.

Black Blood of Kazakhstan. The Nazarbayev Era. Year 1994: Winds of Change Blew from Atyrau

#2 (146), April 2024 special issueBlack Blood of Kazakhstan. The Nazarbayev Era. Year 1994: Winds of Change Blew from Atyrau

We present an excerpt from the new book by the well-known Kazakhstani journalist, oil and gas industry analyst, and publisher of the Petroleum Journal, Oleg Chervinskiy, "Black Blood of Kazakhstan. The Nazarbayev Era."  The oil chronicle covers the period from the declaration of the Republic of Kazakhstan's state sovereignty to March 2019, when the country's first president, Nursultan Nazarbayev, announced his resignation. The book can be described as a fine documentary-adventure novel featuring its heroes and anti-heroes, grand ambitions and equally large sums of money, geopolitical and spy games, mysterious deaths, and sudden wealth.

The Chinese March. President Tokayev Secures $16.54 Billion in Investments from Beijing

#5 (143), November 2023 The Chinese March. President Tokayev Secures $16.54 Billion in Investments from Beijing

The official visit of Kazakhstan's President Kassym-Jomart Tokayev to China on October 17-18, 2023, proved to be immensely fruitful. During the visit, nearly thirty commercial documents and agreements were signed, with investment values estimated at $16.54 billion USD.

Trumping Victory of Tokayev and Re-start of Kazakhstan Political System

#6 (138), December 2022 Trumping Victory of Tokayev and Re-start of Kazakhstan Political System

November 20, the extraordinary presidential elections took place in Kazakhstan. Kassym-Jomart Tokayev, the incumbent head of the state, secured his double-digit victory winning an 81% majority. [1] His adversaries were able to get the voters’ support only at the level of 1-3%. The international observers (CIS Executive Committee, CIS Interparliamentary Assembly, SCO, CSTO Parliamentary Assembly, OIC, OTG, Parliamentary Assembly of Turkic States) confirmed the legitimacy of the elections.

We Stand for the Accountability of Subsoil Users to the People – the Owner of the Subsoil

#6 (138), December 2022 We Stand for the Accountability of Subsoil Users to the People – the Owner of the Subsoil

Nurlan Zhumagulov, Executive Director of the Public Fund 'Energy Monitor', answers the questions of the Petroleum's publisher Oleg Chervinskiy

The Peak Oil is Not Yet Even on the Horizon

#5 (137), November 2022 The Peak Oil is Not Yet Even on the Horizon

Kazakhstan is one of the leaders in the field of global energy security. Its role is significantly increasing now that the planet is experiencing a major energy crisis.

We all see that the world has been moving from one unprecedented event to another over the past two years. Markets had just begun to recover from the pandemic when Russia's invasion of Ukraine began. All this gave an impetus to a powerful restructuring of the energy paradigm.

Early Elections Again. Will they solve the country’s problems?

#4 (136), September 2022 Early Elections Again. Will they solve the country’s problems?

On September 1, President Kassym-Jomart Tokayev announced a Message to the people of Kazakhstan in Parliament. In the economic block of his address, he stated the need to stimulate private entrepreneurial initiative and move away from state capitalism and excessive state intervention in the economy, proclaiming a course for the development of competition as ensuring equal opportunities for all. According to him, the state will gradually abandon pricing regulation in all industries and spheres, except for non-competitive markets.

A Quarter of a Century of CNPC in Kazakhstan: a Course for Further Fruitful Cooperation

#4 (136), September 2022 A Quarter of a Century of CNPC in Kazakhstan:  a Course for Further Fruitful Cooperation

Li Yonghong, CNPC Vice President for Central Asia and Russia, General Director of CNPC in Kazakhstan, answers Petroleum's questions. 

– Dear Mr. Li Yonghong, first of all, let us congratulate you on a significant date – the 25th anniversary of the CNPC Corporation in Kazakhstan. With the arrival of CNPC in our country in 1997, comprehensive cooperation between Kazakhstan and China in the oil and gas sector began. 

Oil Kazakhstan in the New Reality: Risks and Opportunities

#4 (136), September 2022 Oil Kazakhstan in the New Reality: Risks and Opportunities

The geopolitical situation in the world that changed after February of this year has created new risks for Kazakhstan's oil and gas industry, which has just begun to recover after the Covid crisis of 2020-21.

Nine Steps in the Green Direction. Summary of the Foreign Investors’ Council meeting

#3 (135), June 2022 special issueNine Steps in the Green Direction. Summary of the Foreign Investors’ Council meeting

On June 9, the 34th plenary meeting of the Foreign Investors' Council was held in Nur-Sultan under the chairmanship of the President of Kazakhstan, Kassym-Jomart Tokayev. The event was attended by heads of major multinational companies operating in Kazakhstan, heads of government agencies, and representatives of international organizations. The meeting agenda included issues of decarbonization of the Kazakhstani economy and the introduction of low-carbon technologies.

Rzabek Artygaliev has decided to take a well-deserved rest

#3 (135), June 2022 special issueRzabek Artygaliev has decided to take a well-deserved rest

Tengizchevroil LLP has officially notified that starting June 1, 2022, after almost 21 years of outstanding work and 12 years as General Manager of Policy, Government, and Public Affairs (PGPA), Rzabek Artygaliev has decided to take a well-deserved rest.

KazMunayGas in the First Quarter – Production Increased, Profit Did Not

#3 (135), June 2022 special issueKazMunayGas in the First Quarter – Production Increased, Profit Did Not

The national company KazMunayGas announced its operating results for the first quarter of this year. It is obvious that the activities of the national company were greatly influenced by the January events and their consequences and the changed geopolitical situation after the outbreak of hostilities in Ukraine.

How Can We Activate Geological Exploration?

#2 (134), April 2022 special issueHow 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.