KazMunayGas prepares final investment decision on Kalamkas-Mare and Khazar project

05.08.2026

Kazakhstan evaluated purchasing Lukoil assets in the country. According to KazMunayGas, the Kalamkas-Mare and Khazar project is undergoing preparation for a final investment decision, with primary front-end engineering design work completed alongside ongoing condition-setting for the next phase.

"Shareholders are holding consultations on further implementation options taking into account current restrictions....