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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.

The role of gas in the energy balance. Current state and prospects of Kazakhstan's gas industry

#5 (131), October 2021 The role of gas in the energy balance. Current state and prospects of Kazakhstan's gas industry

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. 

National Energy Report of Kazakhstan-2021

#5 (131), October 2021 National Energy Report of Kazakhstan-2021

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.

New Ministers of Energy and Ecology, New Mayor in Mangystau

#4 (130), September 2021 New Ministers of Energy and Ecology, New Mayor in Mangystau

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.

Kazakhstan and Russia in the context of Energy 4.0

#4 (130), September 2021 Kazakhstan and Russia in the context of Energy 4.0

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

Centre for the Development of Kazakhstani Content in Projects

#4 (130), September 2021 Centre for the Development of Kazakhstani Content in Projects

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. 

Shell in Kazakhstan: a Strategy for Success

#3 (129), June 2021 Shell in Kazakhstan: a Strategy for Success

Exclusive interview of Shell Kazakhstan Country Chair, Mr Olivier Lazare, who will leave his position soon, for Petroleum Journal.

About relations with investors, the future of Kashagan, the dispute with KPO, and nationalization

#6 (126), December 2020 About relations with investors, the future of Kashagan, the dispute with KPO, and nationalization

Beket Izbastin, General Director of PSA LLP, the authorized body in production sharing agreements, answers questions from Petroleum 

Lessons from the pandemic for Karachaganak

#6 (126), December 2020 Lessons from the pandemic for Karachaganak

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.