Tag Archives: Kazakhstan

Kazakhstan has been one of the “rogue” members of OPEC+, regularly producing more oil than it was supposed to under the bloc’s output cap agreement. Now, it seems that Kazakhstan has done it again, potentially heightening internal tensions within OPEC+. Reuters reported this week that Kazakhstan’s largest field, Tengiz, had …

Kazakhstan is negotiating an increase in natural gas exports to China including via a new pipeline, Bloomberg has reported, noting this would put Kazakhstan in a competition with Turkmenistan and Russia. “Despite reports of an economic slowdown in China, the demand for gas continues to grow,” Sanzhar Zharkeshov, chief executive …

Germany, the European Union’s biggest economy, is also the most vocal advocate of a transition away from oil and gas. Despite this policy, Germany is one of the biggest importers of liquefied natural gas. Now, it also wants to significantly boost its crude oil imports—from Kazakhstan. Media reported this week …

Kazakhstan began to supply oil to Europe via Druzhba (Friendship) system. The Ministry of Energy of Kazakhstan confirmed the information. According to the ministry, Eni (Italian investor of Kashagan) began supplying oil to Europe via Druzhba system. It is specified that AGIP Caspian Sea (subsidiary organization of Eni in Kazakhstan) …

Russia, Iraq, and Kazakhstan have submitted their compensation plans to the OPEC Secretariat for overproduced crude volumes for the first six months of 2024. According to OPEC, the entire over-produced volumes will be fully compensated for over the next 15 months through September 2025, with Russia ‘paying back’ a cumulative …

Kazakhstan is pressing ahead with Uzbekistan and Azerbaijan to develop electricity export capacity, even as Astana faces challenges in securing the power needed to fuel domestic economic growth. The Kazakh Ministry of Energy has published for public comment a draft agreement on its strategic green-energy partnership with Azerbaijan and Uzbekistan. …

Azerbaijan and Kazakhstan are discussing the use of the Baku-Supsa pipeline to carry Kazakh crude, media reported, citing a statement by the Kazakh embassy in Baku. “Currently, the parties are exploring the possibilities of further increasing volumes. Kazakhstan is also studying Azerbaijan’s proposal to use the Baku-Supsa oil pipeline. Supplies …

Kazakhstan is considering new procurement standards to maximize the efficiency and effectiveness of state spending while aiming to minimize the environmental harm of public works and services. Government contracts for goods, works and services totaled about $19.7 billion in 2023. In the past, environmental concerns didn’t figure much in state …

Ramped-up offshore exploration for rare earth metals and minerals, vital components in sought-after products like hybrid vehicles and smartphone screens, continues to cut into China’s long-held position as the primary global supplier. Countries like Australia, the United States, Myanmar, and even nations like Malaysia, Vietnam, Uzbekistan, and Kazakhstan continue to …

Kazakhstan is in talks with China on transit for export of uranium, the Ministry of Energy of Kazakhstan said. Kazatomprom is transporting uranium to North America and Europe via a port in St. Petersburg. Alternative route is transportation through the Caspian Sea, where the port of Aktau (Kazakhstan), port of …