Auditors doubted the ability of the joint company of KMG and Lukoil to continue operations
KPMG auditors flagged material uncertainty at Kalamkas-Khazar Operating, set to develop three blocks on Kazakhstan's Caspian shelf.
oil
Digital twins of oilfields will be implemented at 60% of large enterprises by 2028
By 2028, digital twins of oilfields should be in use at 60%+ of major enterprises. These computer models use sensor and camera data to boost production and recovery of valuable components.
64.8 million tonnes of oil shipped via CPC in 2025: Energy Ministry names five export routes
About 80% of Kazakhstan's oil goes to export. The Energy Ministry named five routes and 2025 volumes for each: the main one is CPC.
Oil dispute in Mangistau settled without trial, but compensation amount not disclosed
The Energy Ministry signed an agreement ending a years-long dispute over the Dunga oilfield production sharing agreement in the Mangystau region.
Kazakhstan wants $10 billion for extending the Tengiz contract
The 40-year agreement signed back in 1993 expires in 2033. Talks on what comes next have been underway for a year.
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.
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.