Kazakhstan Plans to Include 25 New Subsoil Areas in Gas Exploration in 2026
In 2026, Kazakhstan plans to include 25 new prospective subsoil areas in the state subsoil management programme and thereby increase the country’s natural gas resource potential.This was reported by the press service of the Ministry of Energy of the Republic of Kazakhstan. The Ministry of Energy of the Republic of …
Kazakhstan Intends to Develop New Gas Deposits
The Kazakh authorities are planning to develop new gas fields with a total production volume of 1 billion cubic meters in the near future. m per year. This was stated by the President of the Republic Kassym–Jomart Tokayev in a message to the people at a joint meeting of the …
Kassym-Jomart Tokayev Instructed to Attract Large Investors to Geological Exploration in Kazakhstan
The President of the Republic also drew special attention to the need for uninterrupted operation of the refinery. President of Kazakhstan Kassym-Jomart Tokayev, during a meeting with the head of the Kazakh national company Kazmunaygas (KMG) Askhat Khasenov, gave instructions to attract large investors into geological exploration and the petrochemical …
KazMunayGas And Tatneft Will Create A Joint Venture For Geological Exploration At The Karaton Podsolevoy Site
Geological exploration will begin in 2024. Oil companies KazMunayGas (KMG) and Tatneft will create a joint venture to conduct geological exploration at the Karaton Podsolevoy subsoil site in the Atyrau region of Kazakhstan. This was reported by the KazMunayGas company. “An agreement on this was reached on February 21, 2024 …
Kassym-Jomart Tokayev Revealed The Cost of Undiscovered Deposits in Kazakhstan
President of Kazakhstan Kassym-Jomart Tokayev, during an investment roundtable in Rome, said that the republic has more than 5 thousand undiscovered deposits worth over 46 trillion dollars. As part of his official visit to Rome, Tokayev spoke at the Kazakhstan-Italy investment round table, in which about 30 companies took part. …
Kazakhstan Must Develop Its Own Oil Services – Tokayev
Kazakhstan should create mechanisms for financial support for its oil service companies, said the country’s President Kassym-Jomart Tokayev. “It is necessary to take effective measures to provide bank financing to Kazakh enterprises under signed contracts with oil and gas corporations. Financial regulators need to finally make a decision on this …
The President Instructed to Promote Oil Service Companies of Kazakhstan Abroad
In Akorda, at a meeting with representatives of domestic business, President Kassym-Jomart Tokayev noted that the oil service industry should become an important engine of growth and diversification of the domestic economy, MIA Kazinform reports with reference to the Akorda press service. According to the Head of State, it is …
Oil Sector of Kazakhstan Recovers After Energy Blackout
And in Mangistau – again an accident at the MNPP power unit. At the Mangistau nuclear power plant in the Kazakh city of Aktau, on the evening of July 6, the power unit was turned off again. The Devon news agency learned about this from a message from the press …
President of Kazakhstan Receives Head of LUKOIL
Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, received Vagit Alekperov, head of LUKOIL Company, today in the city of Nur-Sultan. The parties discussed ongoing projects in Kazakhstan involving LUKOIL, as well as a number of promising projects that could boost cooperation between Russia and Kazakhstan in fuel and energy …
Rystad Energy: Oil Prices Rise on Supply Tightness and Positive Demand Projections
After two days of declines, oil prices are rising today, buoyed by positive demand signals for 2022 and an expectation of global supply tightness. The global demand outlook for 2022 is solid, as many countries keep their borders open and avoid implementing the strict lockdowns imposed during previous Covid-19 waves …