Related Articles
Forward article link
Share PDF with colleagues

Kazakhstan wakes to hydrocarbon promise

After years of foot-dragging and energy policy flip-flopping, Kazakhstan is putting its oil and gas aspirations back on track

A series of actions and agreements coming to fruition in the months ahead promise to make 2018 a turnaround year for Kazakhstan. However, the former Soviet nation still suffers from a dearth of greenfield projects and the government will have to maintain the current momentum if it wants to meet its goals. The country possesses ample hydrocarbon reserves, estimated by the Kazakh Ministry of Oil and Gas at 35bn barrels of oil (4.8bn tonnes). But they're predominantly located in three mega-fields—Kashagan, Tengiz and Karachaganak—that produce more than half of the national output. Because the Astana government has bet the country's future on oil exports, it urgently needs to find new reserves

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
ConocoPhillips captures Shell’s Permian portfolio
23 September 2021
Houston-based firm swoops in to take the European major’s entire Delaware footprint and bolster its position in the basin
Clock ticks on Romgaz Black Sea deal
23 September 2021
The state-owned firm has just over three weeks left on an exclusivity agreement for a transaction key to unlocking Romania’s offshore potential
Letter from China: Beijing’s stability focus threatens climate goals
22 September 2021
The Chinese government’s renewed focus on centralised control and economic pressure may undermine decarbonisation efforts
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video