2019 was a successful year for the development of the fuel and energy complex – record oil production, full coverage of the domestic market with Kazakhstan gas, the launch of gasoline exports, the commissioning of 23 renewable energy sources and the growth of investment flows....

President of Kazakhstan, Kassym-Jomart Tokayev, held a meeting with Sheikh Suroor bin Mohammed Al Nahyan, member of the Ruling Family of Abu Dhabi, the owner of Etihad Towers in Abu Dhabi, and shareholder of the First Abu Dhabi Bank. The Head of State stressed that the United...

After the long work of the Council for the Development of Strategic Partnerships of the Atameken NCE, Petrocouncil, in the framework of the development of Kazakhstani content, Tenzgizchevroil published a procurement plan for 2020 for the first time in 26 years of work in Kazakhstan. The...

Analysts predict that demand for Kazakhstani raw materials will remain at a stable level. However, oil and gas companies should pay attention to external factors, such as the policies of leading central banks, the trade conflict between the US and China, and the situation with...

In 2019, the export of Kazakhstani oil through the Sea Terminal of the Caspian Pipeline Consortium amounted to more than 55 million tonnes. It is reported that in 2019, 63,256,105 tonnes of gross oil was shipped from the CPC Offshore Terminal, which was 2,172,074 tonnes higher...

On 26 July 2019 JSC NC “KazMunayGas” (KMG), the Ministry of Energy of the Republic of Kazakhstan and Eni S.p.A. signed the “Abai” area hydrocarbons exploration and production contract. Under the signed contract, principal minimum obligations are drilling of one exploratory well...

7 June 2019, KMG CEO Alik Aidarbayev and LUKOIL President Vagit Alekperov signed I-P-2 Heads of Agreement as part of their participation in Saint-Petersburg International Economic Forum. The document has been signed to formalize the negotiated and agreed partnership conditions...

Karachaganak Petroleum Operating BV (KPO) intends to begin supplying gas condensate to the Condensate refinery. According to the Minister of Energy, Kanat Bozumbayev, the company intends to stabilise the gas condensate itself, and the excess will be sent to the Kazakhstan plant. According...

KLPE, an affiliate of the United Chemical Company (UCC), initiated Kazakhstan’s first world-scale GSU project, which, with its total capacity of 1,250 ktpa, is to supply feedstock to the polyethylene plant in the Atyrau Region. ILF Consulting Engineers (ILF) is delighted to have...

In January 2019, the Atyrau Refinery processed 469,916 tonnes of crude oil, which comprised 101.7% of the plan. For comparison, in January 2018, the plant processed 440,803 tonnes, that is, almost 30,000 tonnes less, the press service of the company reported. Socially significant...