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Tag: Kazakhstan

Kazakhstan aims to increase oil production by 16% and develop gas chemistry

In the coming years, Kazakhstan plans to increase oil production from the current 90 million tons per year to 104-105 million tons per year and…

Ministry of Energy of Kazakhstan Expects Rise in Gasoline Prices

In Kazakhstan, in the conditions of fuel shortage, a temporary jump in prices for A-92 gasoline is possible – up to 165 tenge per liter,…

Kazakhstan could supply 10 bln cu m of gas to China annually

The KazTransGas national operator has begun exporting domestic gas to China with the ceremony launching Kazakh gas from the Beineu-Bozoy-Shymkent main gas pipeline to the…

Moody’s: Kazakhstan Adapted to Low Oil Prices

The international rating agency Moody’s confirmed Kazakhstan’s sovereign rating at Baa3 and raised the outlook for the country’s future rating from negative to stable. The…

Russian Oil to Be Supplied to Uzbekistan through Kazakhstan

The Russian Energy Minister Alexander Novak and the Kazakh Energy Minister Kanat Bozumbayev discussed transportation of Russian oil to Uzbekistan through Kazakhstan in Vienna yesterday,…

Kazakhstan Resumes Oil Transportation through Azerbaijan

Transportation of Kazakh oil through Azerbaijan has resumed. The Energy Ministry of Kazakhstan reported this in response to a request by Kazinform. According to the…

IMF forecasts oil production in Kazakhstan to grow

The International Monetary Fund (IMF) forecasts oil production in Kazakhstan to increase to 1.69 million barrels per day in 2017. In 2016, 1.62 million barrels…

Oil output from Kashagan exceeds 2 mln tons

Oil production at Kashagan was launched in autumn 2016. Over 2 million tons of oil and more than 1 billion cubic meters of gas have…

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