China is the world’s biggest coal consumer. Neighboring Kazakhstan sits on some of the world’s biggest coal reserves. Yet they have never done much business trading the stuff, largely because it is expensive to move by rail. That may be about to change. Rolling blackouts caused by a coal shortage …
Read More »Kazakhstan Plans to Lure Azerbaijani Investors to Finance Renewable Energy Projects
Kazakhstan plans to attract investments from Azerbaijan to fund renewable energy projects, the country’s trade and integration ministry said. “Our countries have launched various projects in the field of oil and gas, subsoil use, and several other sectors,” Trend quoted the ministry as saying on Saturday. “However, there is no …
Read More »World’s Biggest Green Hydrogen Project Announced for Kazakhstan
Germany’s Svevind has announced plans for a colossal green hydrogen project that will place some 45 gigawatts of wind and solar energy generation on the vast steppes of Kazakhstan to produce around three million tonnes of green hydrogen annually. This project will utterly dwarf the biggest project currently in planning …
Read More »European Investors are Going to Produce Green Hydrogen in Kazakhstan
European investors are going to produce “green” hydrogen in Kazakhstan, said the Ministry of Foreign Affairs of Kazakhstan. “Foreign investors see Kazakhstan as an attractive destination for major renewable energy projects,” said the report. As specified, the results of the study of the country’s potential in this direction were reported …
Read More »Kazakhstan will Continue to Increase Oil Production under OPEC+ Agreement
Kazakhstan will continue to increase oil production in May, June and July of 2021 following the 15th meeting of OPEC (Organisation of the Petroleum Exporting Countries) and non-OPEC ministers meeting that took place April 1 virtually, the Kazakh Ministry of Energy press service reported. “On April 1, a ministerial meeting …
Read More »Kazakhstan Is Eager to Abandon the OPEC+ Deal
Kazakhstan meticulously studied the lessons of the 2014/2015 oil slump and has so far survived the last 12 months’ market depression with legislative and executive poise. Though still heavily dependent on oil revenues, the Kazakh authorities have seen the tenge depreciate over the course of 2020, digesting most of the …
Read More »Eni Launches Construction of Solar Farm in Kazakhstan
Kazakhstan took another step toward strengthening its energy security this week after Eni, an Italian multinational oil and gas company, launched the construction of a new solar farm in Otrar, Turkestan, Kazakhstan’s southern region. The project to construct the 50 MW photovoltaic plant is being implemented by a joint Italian-Kazakh …
Read More »Kazakhstan Opened the Largest Oil Reserve in 30 Years since Independence
A large oil field has been discovered in the Mangistau region. According to experts, this is the largest field of hydrocarbons found in the region over 30 years of Kazakhstan’s independence. It was reported by the local Kazpravda with reference to the press service of the regional government. A new …
Read More »Iran’s Exports nearly $6mln of Non-Oil Goods to EAEU
Iran exported $594 million worth of non-oil products to Eurasian Economic Union (EAEU)’s member states, a commercial official said on Wednesday. Iran has exported $594 million of non-oil commodities to the EAEU so far, Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said at the …
Read More »Iran, Russia, Kazakhstan, Turkmenistan Agree to Form Joint Shipping Line
A shipping line will be established between the Islamic Republic of Iran, the Russian Federation, Kazakhstan, and Turkmenistan as agreed by the relevant authorities of the four countries, an Iranian official announced. Deputy CEO of Iran’s Ports and Maritime Organization for Ports and Economic Affairs Farhad Montaser Koushari said that …
Read More »