Oil and Gas Sector

24.05.2022

Kazakhstan targets oil output increase

Kazakhstan expects to produce 90-93 million tonnes of oil next year, up from 87.5 million tonnes this year, depending on when expansion projects at the giant Tengiz field are completed as they may be slightly delayed, its energy minister said.

The Central Asian nation believes Western sanctions against Russia will have...

Kazakhstan expects to produce 90-93 million tonnes of oil next year, up from 87.5 million tonnes this year, depending on when expansion projects at the giant Tengiz field are completed as they may be slightly delayed, its energy minister said.

The Central Asian nation believes Western sanctions against Russia will have...

24.05.2022

Buy-backs send Chevron stock through the roof

Shares of US Chevron, one of Kazakhstan’s leading upstream operators and investors, have touched the highs of $174 assisted by skyrocketing benchmark oil & gas prices and rising transportation demand. In 2021, the company reported 1.8 MMBPD of liquid production which is almost 2% of the global crude oil output.

While the geopolitical...

Shares of US Chevron, one of Kazakhstan’s leading upstream operators and investors, have touched the highs of $174 assisted by skyrocketing benchmark oil & gas prices and rising transportation demand. In 2021, the company reported 1.8 MMBPD of liquid production which is almost 2% of the global crude oil output.

While the geopolitical...

24.05.2022

Kazakhstan takes first place in ranking of countries in terms of cheap gas

Kazakhstan took first place in Europe in terms of cheap gas for the population. Russia is on the second place, Belarus is on the third. This is stated in a study conducted by RIA Novosti analysts.

To assess the cost of gas, experts analysed prices in terms of rouble. The availability...

Kazakhstan took first place in Europe in terms of cheap gas for the population. Russia is on the second place, Belarus is on the third. This is stated in a study conducted by RIA Novosti analysts.

To assess the cost of gas, experts analysed prices in terms of rouble. The availability...

24.05.2022

Catalysts for processes in oil refining

The oil sector is among those industries that will have to export the Russian economy in the face of unprecedentedly harsh sanctions and increasing external isolation. But for oil companies, already at the refining stage, the problem of import dependence arises. Of course, there are domestic competencies in the construction...

The oil sector is among those industries that will have to export the Russian economy in the face of unprecedentedly harsh sanctions and increasing external isolation. But for oil companies, already at the refining stage, the problem of import dependence arises. Of course, there are domestic competencies in the construction...

24.05.2022

Brent tops $113/b on midstream bottlenecks

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.

Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while U.S....

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.

Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while U.S....


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