PETROLEUM. Analytical journal. New projects, fields’ development, production, processing and transportation of oil and gas, presentation of the companies, statistics on the production of hydrocarbons, monitoring of investment legislation.

Kazakhstan Seeks Higher Profits from Its Major Oil and Gas Projects

Although between 8 and 17 years remain until the expiration of Kazakhstan’s three largest oil and gas production contracts—signed in the early years of the country’s independence—Astana has already announced its intention to renegotiate them to secure more favorable terms for the country.

Upstream Development of Small Gas Fields in Kazakhstan. Some progress being made under a new policy approach

Emerging shortage of commercial gas as demand rises while production stagnates.

Since 2021, with adoption of the Comprehensive Plan for Kazakhstan’s Gas Industry Development for 2022–26, gas industry transformation and related reforms have become a key focus for policymakers and especially for the two national companies, JSC KazMunayGas (KMG) and JSC QazaqGaz. The comprehensive plan envisions both new upstream development as well as expansion of gas processing to expand domestic commercial gas supply. 

Kazakhstan Yet Again Pushes its Main Upstream. Foreign Investors for Changes in Terms Is this effectively killing the proverbial golden goose?

Host country disputes with foreign investors are hardly new for the international oil and gas industry; these seem to simply be a regular feature of the business. Kazakhstan once again is applying pressure on its most important upstream foreign investors, apparently attempting to extract an even larger share of revenue and other concessions from the projects they operate. But the challenge for the international consortia running the so-called “Big Three” projects in Kazakhstan — Kashagan, Karachaganak and Tengiz — seems to be somewhat different this time simply because of the astronomical claims being put forward.

Through Russia, Across the Caspian, or to China?

The Presidential Administration of Kazakhstan and the Antimonopoly Agency Have Different Opinions on the Matter On July 30, 2024, the President of Kazakhstan, Kassym-Jomart Tokayev, approved the National Development Plan of the Republic of Kazakhstan until 2029.

Kazakh Oil for the European Union. Can Europe Replace Russian Crude with Kazakhstan❜s?

KazMunayGas and the Croatian oil transportation system operator JANAF, following the results of the first meeting of the Kazakh-Croatian intergovernmental commission on trade and economic cooperation in Zagreb earlier this year, have signed a memorandum of understanding. The document confirms the readiness of the parties to begin discussing cooperation in oil transportation and the storage of oil and oil products.

Year-End Summary of Kazakhstan❜s Gas Sector

The national company QazaqGaz, with the support of the government, the Ministry of Energy of Kazakhstan, and the Samruk-Kazyna Fund, has carried out extensive reforms in the country's gas industry over the past two years. These reforms have already produced tangible results: for the first time in the company's history, dividends were paid out to the Samruk-Kazyna Fund in the amount of 27 bln tenge.

The return of the Great Silk Road

In the middle of October 2023, Kazakhstan President, Kasym-Zhomart Tokayev, took part in a 10th Anniversary Forum for the global “One Belt, One Road” initiative.

The Kazakhstan President noted that the initiative had proved its worth, been recognised by the global community and transformed itself into an immense project on a global scale, becoming a vital platform for collaboration.

Uzbekistan Considers Gas Hub Project for China, India, and Pakistan

The commencement of Russian gas deliveries to Uzbekistan via Kazakhstan in early October marked a major headline of 2023 in the global energy market. Industry experts are noting the significant potential of this collaboration, eyeing the possible expansion of transit routes not just to China, but also to India and Pakistan through the TAPI pipeline. In this setup, Uzbekistan stands to not only earn revenue from the transit of Russian gas but also to establish itself as a fully-fledged gas hub, thereby enhancing its potential.