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Kazakhstan

Chevron strengthens post-Hess strategy and reassures markets on growth
In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
Washington locks in Kazakh tungsten supply and frames its C5+1 bet
The United States secures a tungsten joint venture in Kazakhstan and mining protocols in Uzbekistan, with financing envisaged from the Export-Import Bank of the United States and shipment routed via the Trans-Caspian corridor.

Aramco’s net profit drops for the eleventh consecutive quarter

Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.
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Kazakhstan begins negotiations to export uranium to Finland
Talks are underway between Astana and Helsinki to consider the delivery of Kazakh uranium for Finnish nuclear power plants, amid efforts to diversify energy export markets.
Kazakhstan considers swift decision on Lukoil’s local assets
Kazakhstan is reviewing Lukoil's stakes in major oil projects after the Russian group announced plans to divest its international assets following new US sanctions.

The EU sanctions CNPC units as ESPO pipeline flows remain stable

The European Union targets a trading subsidiary and a refinery linked to China National Petroleum Corporation, tightening access to financial and insurance services without disrupting pipeline deliveries, with reallocations expected in settlements, insurance, and logistics. —
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Karachaganak cuts production after drone strike on Russian gas facility
Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.
Envision Energy to supply 124 turbines for Kazakhstan’s 1 GW Mirny wind project
Envision Energy has signed an agreement to equip Kazakhstan’s largest wind power project, marking a strategic step in energy cooperation with TotalEnergies, Samruk-Energo and KazMunayGas.

Russia strikes 95 targets and severely damages Ukrainian gas sites

An unprecedented overnight offensive targeted gas infrastructure in Ukraine, damaging several key facilities in the Kharkiv and Poltava regions, according to Ukrainian authorities.
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U.S. uranium purchases reach 55.9 million pounds in 2024
Uranium deliveries to U.S. civilian operators rose 8% in 2024, while the average price climbed to its highest level since 2012, according to the latest available data.
Rosatom will finalise field studies for Kazakhstan’s nuclear power plant in 2025
Site selection for Kazakhstan’s first nuclear power plant enters an advanced technical phase, with more than 100 experts mobilised by Rosatom to conduct complex geological and seismic analyses.

U.S. oil drilling rebounds amid global tensions

The number of active drilling rigs in the United States rose for the fourth consecutive week, supported by higher crude prices and OPEC+’s difficulties in meeting production targets.
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LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project
LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.
Kazakhstan resumes crude exports via BTC after one-month technical halt
KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.

Kazakhstan entrusts German Nukem with oversight of its nuclear back-end

Kazakhstan has signed an agreement with Nukem Technologies Engineering Services GmbH to benefit from German expertise in nuclear decommissioning and radioactive waste management.
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OPEC+ approves 137,000 barrels/day increase starting in October
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.
Oil flow via Druzhba to Germany restored after drone strike
Rosneft Germany announces the resumption of oil deliveries to the PCK refinery, following repairs to the Druzhba pipeline hit by a drone strike in Russia that disrupted Kazakh supply.

Sweden lifts uranium mining ban to revive nuclear industry

Stockholm plans to restart uranium extraction by lifting the 2018 ban, aiming to secure strategic supply chains and support domestic nuclear electricity production.
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CNOOC Limited records 6.1% increase in production for H1 2025
With net output reaching 384.6 million barrels of oil equivalent, CNOOC Limited continues its expansion, strengthening both domestic and international capacities despite volatile crude oil prices.
OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
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TotalEnergies to supply 1.5 TWh of solar electricity to Google over 15 years in the United States
VoltaGrid raises $5.0bn to deploy 4.3 GW of capacity by 2028
Enbridge commits $3bn to new projects while maintaining 2025 guidance
India and Russia strengthen nuclear cooperation with new projects
Frontera splits operations to unlock asset value in Colombia
EDB finances a 300MW solar power plant in Kyrgyzstan
The Eurasian Development Bank (EDB) and Bishkek Solar have signed a financing agreement for a 300MW solar power plant in the Issyk-Kul region of Kyrgyzstan, marking a key milestone for renewable energy in the country.
EDB Finance une Centrale Solaire de 300 MW au Kirghizistan pour 210 Millions de Dollars.
OPEC+: Falling production and tensions over quotas
OPEC+ oil production is falling, with Russia stepping up cuts despite attacks and compliance challenges that continue to cause tension within the group.
OPEP + baisse production

Iraq: delicate adjustment of oil exports

Iraq's crude oil exports fell slightly in April, reflecting pressure to meet OPEC+ quotas.
Exportations Pétrolières Irak Réajustées
Iraq and Kazakhstan cut oil production
In line with OPEC+ guidelines, Iraq and Kazakhstan rectify their oil overproduction.
Réduction pétrole Opep
ArcelorMittal rebounds with profits and environmental challenges
ArcelorMittal, the world's second-largest steelmaker, reports a return to profit in the first quarter of 2024, despite persistent environmental and operational challenges.
Résultats ArcelorMittal T1 2024

Chevron and ExxonMobil: Strategic adaptation to market challenges

Chevron and ExxonMobil unveil their first-quarter 2024 results, revealing economic pressures from tight refining margins and fluctuating natural gas prices. The two oil giants continue to adjust, increasing their production and diversifying their operations to strengthen their resilience.
Résultats 2024 Chevron ExxonMobil
Global nuclear expansion to 2050
Nuclear power is gaining ground, prioritized as a key solution to climate change at the COP in December 2023. A major challenge lies ahead for 2050, despite the geopolitical challenges.
Triplement Capacité Nucléaire 2050
Kazakhstan moves towards nuclear power
Kazakhstan, with its vast uranium resources, is seriously considering the adoption of nuclear power to diversify its energy mix and meet its carbon neutrality targets. A recent event organized by the World Nuclear Association and Kazakhstan's Ministry of Energy highlighted the country's nuclear ambitions and the associated challenges.
référendum nucléaire Kazakhstan

OPEC+ quota review: Tensions and forecasts

The latest OPEC+ data show a slight rise in production in March, despite Saudi efforts to ensure strict compliance. S&P Global's analysis points to a potentially volatile market.
Révision Quotas OPEP+
OPEC+: Overproducers to submit compensation plans
OPEC+ countries with overproduction in the first quarter of 2024 must submit their compensation plans by April 30, a move designed to stabilize the market.
OPEC+ surproduction plans compensation
Kazatomprom: At the heart of growing nuclear demand
Despite the geopolitical tensions of 2023, Kazatomprom is asserting itself with its crucial contribution to global uranium supply, essential for low-carbon nuclear energy.
Kazatomprom hausse nucléaire 2023

NatPower UK invests GBP 10 billion in energy transition

NatPower UK announces an investment plan of over 10 billion GBP to develop the UK's largest battery energy storage program, aimed at accelerating the transition to 100% renewable energy by 2035.
NatPower UK 10 milliards transition
Combating Methane Emissions: Challenges and Prospects
A recent analysis by the International Energy Agency (IEA) highlights the persistent challenges posed by methane emissions from the fossil fuel industry, despite the solutions available. This environmental issue calls for immediate, coordinated action.
Défis et Solutions des Émissions de Méthane
Uranium: Soaring Prices, New Nuclear Era
Faced with limited supply and growing demand, the price of uranium reached its highest level in 17 years, signalling a global revival in nuclear power.

TotalEnergies Launches Mirny Wind Project in Kazakhstan

TotalEnergies signs an investment agreement for the Mirny project in Kazakhstan, a large-scale wind power project designed to supply over a million people with low-carbon electricity.
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Sinopec and Kazakhstan reach agreement on polyethylene project
Sinopec and KazMunayGaz join forces to develop a major polyethylene project in Kazakhstan. This collaboration between the two key players in the oil industry aims to strengthen their partnership and exploit their respective advantages to promote mutually beneficial cooperation.
UK warns of Russia’s cyber threat
Increased Russian cyberattacks on critical infrastructure in Europe are causing concern among politicians and cybersecurity experts. A look at the latest warnings issued by several European countries, as well as the measures taken to protect endangered energy infrastructures.

IAEA in Kazakhstan: End of the infrastructure control mission

IAEA experts said Kazakhstan has made progress in implementing the recommendations of an IAEA nuclear infrastructure review mission in 2016. Kazakhstan's Ministry of Energy has proposed the potential reintroduction of nuclear power to diversify its energy mix and reduce CO2 emissions.
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Russia – Iran: strengthening trade in the face of sanctions
Russia is beginning to export fuel to Iran by rail to circumvent Western sanctions. Although bottlenecks are encountered along the road, rail transport represents a promising new avenue for expanding economic cooperation between the two countries.
Nuclearelectrica aims at full nuclear capacity for Romania
Kazatomprom completed the shipment of uranium to Romania via the Caspian Sea for Nuclearelectrica's CNU Feldioara processing plant. Nuclearelectrica plans to renovate its old unit, complete two other units on site and develop small modular reactors.
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