News

Record Oil Production in Kazakhstan Signals Robust Industry Growth

03.04.2025

Kazakhstan’s oil production soared to 2.17 million barrels per day in March 2025, a record high fueled by Chevron’s Tengiz project. This milestone highlights the nation’s growing energy prowess despite OPEC+ challenges.

Russia’s Black Sea Terminal Shutdown: Implications for Kazakhstan’s Oil Exports

02.04.2025

Russia’s decision to shut down two moorings at the Black Sea oil terminal threatens Kazakhstan’s crude exports via the CPC pipeline. While deliveries continue for now, the industry braces for potential disruptions.

Kazakhstan’s OPEC+ Dilemma: Balancing Growth and Global Commitments

01.04.2025

Kazakhstan’s oil output exceeds its OPEC+ quota, leading to the Energy Minister’s resignation in March 2025. This clash between national goals and global agreements highlights a pivotal moment for the industry.

Tengiz Expansion Sets New Benchmark for Kazakhstan’s Oil Future

15.03.2025

The Tengiz oilfield’s Future Growth Project achieved first oil in 2025, elevating Kazakhstan’s production and reinforcing its global energy stature. This success highlights the value of strategic partnerships.

Traders Respond to OPEC+ Commitment

26.03.2024

In a notable shift of market sentiment, traders are ramping up their purchases of crude oil, reflecting newfound confidence in OPEC+'s resolve to maintain supply constraints.

Oil Prices Dip as U.S. Crude Inventories Fall

20.03.2024

Crude oil prices experienced a downturn today following the Energy Information Administration's report of a 2 million barrel decrease.

Kazakhstan Pursues Oil Export Expansion

11.03.2024

Kazakhstan is pushing forward with plans to enhance its oil exports, despite facing potential hurdles in securing Russian transit approvals.

Chinese Crude Imports Rise in Early 2024

09.03.2024

Chinese crude oil imports experienced an uptick in the first two months of 2024 compared to the same period last year, according to recent official data.

Kazakhstan's Gas Reserves Sufficient for Another Century

08.03.2023

Kazakhstan's Chairman of JSC NC QazaqGaz, Arman Kassenov, has announced that the country has enough gas reserves to last for another century. Kassenov made the statemen...

Kazakhstan's Petrol and Diesel Fuel Production Up in January 2023

05.03.2023

Kazakhstan has reported an increase in petrol and diesel fuel production in January this year. The country produced 494.1 thousand tons of petrol, up 20.6%, and 421.8 thousand tons of...

China's Economic Recovery Signals Push Up Oil Prices

19.02.2023

Oil prices have been on the rise since Friday, with international benchmark Brent crude trading at $86.41 per barrel and the American benchmark West Texas Intermediate (WTI) at $80.87 per barrel...

Growing Kazakhstan's Oil Production and Exports

18.02.2023

Kazakhstan is one of the world's largest producers and exporters of oil and gas, and the country's energy sector has long been a key driver of its economic growth. In 2022, however, the sector...