Tag Archives: Kazakhstan

The value of Kazakhstan’s exports of fossil fuels and related materials to the EU increased by 65.15 percent in 2022 compared to 2021, Trend reports. According to Eurostat, the statistical office of the EU, in 2022, Kazakhstan exported fossil fuels and related products to the EU worth 26.1 billion euros, …

Kazakhstan has in a fresh effort to ease bottlenecks in a transportation corridor bypassing Russia reached an understanding with Azerbaijan and Georgia to set up a jointly run and owned logistics company. The agreement was signed last week at the culmination of a trip to the South Caucasus nations by …

Kazakhstan will elaborate creation of the hydropower consortium of Central Asia, according to the action plan of the concept of development of water resources management system until 2029. The Ministry of Ecology, Ministry of Foreign Affairs, National Security Committee will work on this. The information on the progress of the …

On April 10, Azerbaijani President Ilham Aliyev paid a one-day official visit to Kazakhstan (President.az, April 10). This visit took place about six months after the first official visit of Kazakhstani President Kassym-Jomart Tokayev as the head of state to Azerbaijan in August 2022 (The Astana Times, August 24, 2022). …

The first quarter of 2023 saw Kazakhstan ramp up oil exports bypassing Russia as the Central Asian country seeks to reduce its dependency on Moscow, data from industry sources and Refinitiv cited by Reuters showed. While Kazakh oil exports through the Caspian Sea and the Caucasus are relatively small, they …

Kazakhstan on Tuesday said it had begun international arbitration court proceedings against energy majors including ExxonMobil and Shell over $16.5 billion (15.2 billion euros) in costs deducted from the revenues from two oilfields. The government “has begun international arbitration against the Karachaganak and Kashagan (operating) companies,” Energy Minister Almasadam Satkaliev …

After almost a two-month delay, on February 23, Kazakhstani company KazTransOil finally began exporting oil to Germany, sending the first shipment of 20,000 tons of Kazakhstani oil. In enabling this supply, Kazakhstan reached an agreement with Russian energy company Transneft to use the Druzhba pipeline to export oil via Russia …

Kazakhstan plans to export 100,000 tons of oil to Germany in April, Trend reports via Anadolu. According to KazTransOil JSC, the national operator of Kazakhstan on the main oil pipeline, next month it’s planned to increase oil supplies to Germany. In accordance with the oil supply program approved by the …

The transportation of Kazakh oil through Azerbaijan will begin this year, Deputy Minister of Foreign Affairs of Kazakhstan Roman Vasilenko said at a briefing, Trend reports via Kazakh media. “The transportation of Kazakh oil through in the direction of Aktau – Baku will start in 2023,” he said. The deputy …

Astana is upbeat about boosting oil exports, despite caveats over how the war in Ukraine may impact markets and questions about its recently launched shipments to Europe. Kazakhstan plans to increase oil supplies via its main export pipeline to Russia by over a third by the end of next year, …