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Kyrgyzstan

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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OPEC+ Virtual Meetings: Strengthened Control for Riyadh

OPEC+ adopts online meetings, centralizing the decision-making process. This transition raises questions about transparency and tensions among producers facing increasing pressure in the oil market.

OPEC+ Extends Oil Cuts Until 2025 to Stabilize Prices

Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.

Envision Energy invests in a wind turbine and energy storage factory in Kazakhstan

Envision Energy signs an agreement with Samruk Energy and Kazakhstan Utility Systems to launch a local manufacturing plant, aiming to strengthen Kazakhstan’s energy capacity and reduce dependency on imports.
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OPEC+ faces strategic choices to stabilize the oil market in 2024

Amid weakened global demand, the rise of U.S. shale oil, and internal divisions, OPEC+ seeks to preserve its influence on prices while adapting its production strategy.

Putin visits Kazakhstan: energy cooperation and geopolitical stakes

Russian President Vladimir Putin is welcomed in Kazakhstan to discuss major energy projects amidst international rivalries with China and the West.

UAE Oil Exports Exceed Quotas: Rising Tensions Within OPEC+

Despite commitments to OPEC+ to limit production, the United Arab Emirates shows oil export volumes well above quotas. This situation raises questions and rekindles tensions within the cartel.
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The Controversial Role of Fossil Fuels at COP29: A Transition or Lobbying Issue?

COP29 in Baku highlights the massive presence of fossil fuel representatives. Between lobbying and energy necessity, the debate on their role in the climate transition intensifies.

Six new countries commit to tripling global nuclear production by 2050

At COP29, six countries joined an ambitious declaration to triple global nuclear capacity by 2050, bringing the number of signatories to 31, backed by major financial institutions.

Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region

Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
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Libya and Kazakhstan: Contrasting Production Efforts within the OPEC+ Alliance

OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.

Russian and Kazakh Refineries Conclude Maintenance: An Impact on the Energy Market

As Russian and Kazakh refineries resume operations following maintenance periods, the energy market anticipates potential effects on fuel supply. Uncertainty remains around gasoline exports in Russia.

Japan increases coal imports to meet energy demand

Facing growing energy demand due to a record-breaking summer, Japan reports a surge in coal imports, exploring new suppliers to secure its electricity needs.
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Macron offers France’s support to Kazakhstan for civilian nuclear development

During Kazakh President Kassym-Jomart Tokayev's visit to Paris, Emmanuel Macron strengthened the strategic partnership between France and Kazakhstan, offering French expertise to support the development of civilian nuclear energy in Kazakhstan.

OPEC+: eight members extend their production cuts until the end of December

Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.

Iraq Turns to Kazakhstan to Address Gas Shortage

Faced with a shortage of gasoil affecting service stations in its central provinces, Iraq is turning to Kazakhstan to obtain 20 million cubic meters of natural gas to stabilize its energy supply.
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Kazakhstan: Kashagan Operator Asks QazaqGaz to Focus on Construction

The international operator of Kashagan urges QazaqGaz to prioritize the construction of processing facilities, as oil production growth projects are delayed.

Orano Launches Tricastin Extension to Increase Uranium Enrichment

Orano Begins Extending Its Georges-Besse II Plant in Tricastin, Aiming to Boost Uranium Enrichment Capacities and Strengthen Its Position Against Rosatom, the Russian Sector Leader.

Tengiz Achieves Record Production, Kazakhstan Faces Dilemma with OPEC+

The Tengiz oil field in Kazakhstan, operated by Chevron, sets a production record in October, escalating the country's tensions with OPEC+ over production quota compliance.
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Moscow Refuses to Replace Gas Transit via Ukraine with Azerbaijan

Moscow has confirmed that no negotiations are underway with Baku to use Russian infrastructure to transport Azerbaijani gas to Europe, thus replacing Russian gas transiting through Ukraine.

Kazakhstan: Referendum in Favor of Developing Nuclear Energy

In a referendum, over 70% of Kazakh voters approved the construction of a nuclear power plant, marking a major turning point in the country's energy strategy aimed at diversifying its energy mix and reducing its reliance on fossil fuels.
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