News
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.
Read MoreRussia'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.
Read MoreKazakhstan'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.
Read MoreTengiz 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.
Read MoreTraders 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.
Read MoreOil 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.
Read MoreKazakhstan Pursues Oil Export Expansion
Kazakhstan is pushing forward with plans to enhance its oil exports, despite facing potential hurdles in securing Russian transit approvals.
Read MoreChinese 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.
Read MoreKazakhstan'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...
Read MoreKazakhstan'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...
Read MoreChina'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..
Read MoreGrowing 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...
Read More