Oil and Gas Sector

15.05.2025

Kazakhstan's economy grows due to Tengiz

Saltanat Igenbekova, an analyst at Halyk Finance, spoke about the key factors influencing the GDP forecast for 2025. Among them are the expansion of the Tengiz field and the tight monetary policy of the National Bank.

According to the forecast of the analytical centre, GDP growth this year will be 5.3%...

Saltanat Igenbekova, an analyst at Halyk Finance, spoke about the key factors influencing the GDP forecast for 2025. Among them are the expansion of the Tengiz field and the tight monetary policy of the National Bank.

According to the forecast of the analytical centre, GDP growth this year will be 5.3%...

15.05.2025

Liquefied Petroleum Gas Storage Park and KazMunayGas more than double tariff

The Liquefied Petroleum Gas Storage Park (LPGSP), one of the ultimate co-owners of which is one of the richest Kazakhstanis Timur Kulibayev, has applied for an increase in the tariff for a state-regulated service for providing access roads for rolling stock to 37.1 tenge per wagon-km, excluding value-added tax, according...

The Liquefied Petroleum Gas Storage Park (LPGSP), one of the ultimate co-owners of which is one of the richest Kazakhstanis Timur Kulibayev, has applied for an increase in the tariff for a state-regulated service for providing access roads for rolling stock to 37.1 tenge per wagon-km, excluding value-added tax, according...

15.05.2025

Chevron Fund invests $10 million in Kazakh millionaire's BioOperations company

Chevron Direct Investment Fund Ltd. (CDIF), a private company, is investing $10 million in BioOperations (part of the KazFoodProducts holding group of companies, whose main owner is Yerlan Baymuratov, who ranks 68th in the list of the richest Kazakhstanis according to Forbes with a fortune of $108 million), which produces...

Chevron Direct Investment Fund Ltd. (CDIF), a private company, is investing $10 million in BioOperations (part of the KazFoodProducts holding group of companies, whose main owner is Yerlan Baymuratov, who ranks 68th in the list of the richest Kazakhstanis according to Forbes with a fortune of $108 million), which produces...

15.05.2025

Kazakhstan extends ban on export of liquefied petroleum gas

Kazakhstan has renewed its ban on the export of liquefied petroleum gas (LNG), the Ministry of Energy has announced. The ban is extended for six months, starting on May 14 of this year.

"Since November 2023, there has been a ban on the export of liquefied petroleum gas by road and...

Kazakhstan has renewed its ban on the export of liquefied petroleum gas (LNG), the Ministry of Energy has announced. The ban is extended for six months, starting on May 14 of this year.

"Since November 2023, there has been a ban on the export of liquefied petroleum gas by road and...

15.05.2025

Refineries in Kazakhstan process 6 million tonnes of oil since beginning of year

Since the beginning of the year, 6 million tonnes of oil have been processed at refineries in Kazakhstan, with reference to the press service of the Ministry of Energy.

"In January-April, the country's large refineries processed 6.092 million tonnes of oil, which is 10.8% more than in the same period of...

Since the beginning of the year, 6 million tonnes of oil have been processed at refineries in Kazakhstan, with reference to the press service of the Ministry of Energy.

"In January-April, the country's large refineries processed 6.092 million tonnes of oil, which is 10.8% more than in the same period of...


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