Kazakhstan aims to increase crude and gas condensate production by nearly 25% to 2.155 million b/d by 2025, according to the country’s development strategy released Tuesday. Kashagan and Tengiz key Continue Reading
It could take the rest of the year for the Kashagan oil field in the Kazakh waters of the Caspian Sea to reach its full design capacity, the operator said. Continue Reading
The Southern Gas Corridor, connecting Azerbaijan to the world’s largest economic block, is one of the most important infrastructure pipeline projects worldwide, bringing Caspian gas into Europe. Europe wants to Continue Reading
Yesterday’s monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million barrels per day. Such a rise gives Continue Reading
Moldovan businessman Anatolie Stati will ask courts to sell US$5.2 billion worth of a stake in Kazakhstan’s biggest oil field, Kashagan, held by a Kazakh sovereign wealth fund if Kazakhstan Continue Reading
Italian energy company Eni said Friday it grabbed a stronger hold over a reservoir in Kazakhstan it said has a “significant” potential for oil resources. The Kazakh government and a Continue Reading
A strike by coal miners in north-central Kazakhstan has spread to more mines as hundreds of workers are refusing to return to the surface, demanding higher salaries and better benefits. Continue Reading
Kazakhstan hopes to settle a dispute with global energy companies developing the Karachaganak gas condensate field in the coming weeks, Energy Minister Kanat Bozumbayev told reporters on Monday. “I hope Continue Reading
Uzbekistan is in the grip of another fuel crisis, with some parts of country reportedly left without any supplies of gasoline. While the Central Asian republic has regularly experienced fuel Continue Reading
Azerbaijan is ready to get in line behind any extraordinary effort needed to stabilize the market if a plan develops, its energy minister said Friday. Members of the Organization of Continue Reading
