KazMunayGas creates consortium with Shell, Chevron, Sinopec and CNOOC for oil exploration in the Caspian region
Mature fields of KazMunayGas have already depleted almost 70% of their reserves.
Energy
Oil refining capacity in Kazakhstan will grow to 39 million tons
Kazakhstan plans to nearly double its total refining capacity from 18 to 29.2 mln tonnes at existing plants, with a new complex adding up to 10 mln tonnes more.
Europe's gas storage is filled worse than ever in 18 years
The model that kept European winters predictable for decades has failed for the second year in a row.
Uzbekistan introduces "exemplary consumer" status for energy resources — and reduces prepayment from 90% to 15%
Uzbekistan's President Mirziyoyev signed a decree introducing "exemplary consumer" status for businesses using electricity and gas, cutting mandatory prepayment for energy from 100% to 15%.
China launched an offshore wind farm with 18-megawatt turbines
One turbine at the Fanshi wind farm generates enough energy in a year to power several thousand households.
Spain turns former energy weakness into national project
For decades, the country relied on imported oil and gas—a classic economic vulnerability. Now it is trying to turn that weakness into a competitive advantage.
Court rejects Kashagan operator's appeal to cancel 2.3 trillion tenge recovery
Atyrau's specialized administrative court rejected NCOC's claim to cancel enforcement of Kazakhstan's largest-ever environmental fine.