News

3 April, 2025

Record Oil Production in Kazakhstan Signals Robust Industry Growth

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.

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2 April, 2025

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

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.

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1 April, 2025

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

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.

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15 March, 2025

Tengiz Expansion Sets New Benchmark for Kazakhstan's Oil Future

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.

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26 March, 2024

Traders Respond to OPEC+ Commitment

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.

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20 March, 2024

Oil Prices Dip as U.S. Crude Inventories Fall

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

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11 March, 2024

Kazakhstan Pursues Oil Export Expansion

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

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9 March, 2024

Chinese Crude Imports Rise in Early 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.

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8 March, 2023

Kazakhstan's Gas Reserves Sufficient for Another Century

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...

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5 March, 2023

Kazakhstan's Petrol and Diesel Fuel Production Up in January

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...

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19 February, 2023

China's Economic Recovery Signals Push Up Oil Prices

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..

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18 March, 2023

Growing Kazakhstan's Oil Production and Exports: Key Goals for 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...

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