KATCO, a joint venture between Orano and Kazatomprom, has started operations at the South Tortkuduk site, backed by a $190mn investment, targeting a production capacity of 4,000 tonnes per year by 2026.
South Korean company YPP and Kazakh Invest have signed a framework agreement for the development of a green hydrogen production project in Kazakhstan, with investments potentially reaching $3.1 billion.
The Russian company InterRAO anticipates a 4% annual reduction in electricity exports, primarily impacted by a significant decrease in shipments to China due to limited hydroelectric production and rising domestic demand.
CNOOC Limited’s Hong Kong subsidiary and KazMunayGas have concluded a nine-year exploration and production contract covering nine hundred and fifty-eight square kilometres in Kazakhstan, sharing investment and operations equally.
Kazakhstan has selected Rosatom and China National Nuclear Corporation to build two nuclear power plants totaling 2.4 GW, a decision following a favorable referendum and coinciding with Xi Jinping’s upcoming strategic visit.
Blue Sky Uranium’s Ivana mining project in Argentina could begin production within three years, backed by an initial $35mn investment and an annual output capacity of 1.5 million pounds of uranium.
Masdar and Samruk-Kazyna are collaborating to develop renewable energy and storage projects in Kazakhstan, targeting 500 MW of baseload energy and up to 2 GW of storage capacity.
Chevron reports a sharp decline in quarterly results, impacted by weak refining margins, stable production and exceptional charges in the United States and the United Kingdom.
Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
Kazakhmys, the leading copper producer in Kazakhstan, partially suspends its operations after the death of eight workers. The company is conducting an inspection of its facilities to ensure operational safety.
Kazakh President Kassym-Jomart Tokayev has established a new agency to oversee nuclear energy, appointing Almassadam Satkaliyev as its head. This structure aims to enhance the country’s energy security and support its long-term nuclear ambitions.
Jordan is developing its uranium industry with a feasibility study aimed at securing funding. A strategic partnership with a Kazakh company supports this initiative as the country seeks to exploit its resources locally.
Kyrgyzstan, Kazakhstan, and Uzbekistan team up to construct the Kambar-Ata-1 hydroelectric plant, a Soviet-era project revived to address energy and water shortages in Central Asia. The $3.5bn initiative requires international investment.
A drone attack on the Caspian Pipeline Consortium (CPC) threatens to disrupt Kazakhstan's oil exports. Vladimir Putin urges foreign partners, including Chevron, to fund the necessary repairs.
An agreement was signed in February 2025 between Kazakhstan and Hungary to enhance oil exports from Kazakhstan via the Druzhba pipeline. This development could change the energy dynamics in Central Europe.
Kazatomprom will supply natural uranium concentrate to Switzerland for the first time under a contract with Axpo. This transaction aligns with Switzerland's strategy to secure energy supplies amid declining Russian gas deliveries.
A drone strike in Russia has forced the shutdown of a key pumping station on the Caspian Pipeline Consortium (CPC) pipeline, temporarily reducing its capacity to transport Kazakh oil to Europe. The incident comes amid heightened diplomatic tensions surrounding the Ukraine conflict.
Kyrgyzstan secures $13.6 million in financing from the World Bank to revise the feasibility study for the Kambarata-1 hydropower plant, a key energy project in Central Asia.
Uzbek refiner Saneg begins processing Afghan crude oil at its Fergana refinery, a move designed to alleviate Afghanistan's energy shortages under Taliban rule.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
According to Rystad Energy, demand for hydrocarbons will remain high.
Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
Kazakhstan, the world's leading uranium producer, is speeding up its transition to nuclear power.
Public consultations have been held ahead of the referendum that will determine the future of the country's first nuclear power plant.
Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.
In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
Kazakhstan and the Asian Development Bank (ADB) sign a strategic agreement to develop hydropower projects, targeting a total capacity of 600 MW.
This agreement will mobilize private investment to transform Kazakhstan's energy sector.
MOL optimizes oil production in Azerbaijan, capitalizing on decades of experience in managing mature fields, with promising prospects in the Caspian region.
Orano, the French nuclear fuel specialist, posted a loss of 133 million euros in the first half of 2024, due to the deteriorating political situation in Niger, affecting its mining activities.
Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC.
The cuts will be staggered and vary on a monthly basis.
Saudi Arabia and Russia reaffirm their commitment to the OPEC+ agreement to stabilize the oil market, despite geopolitical challenges and Western sanctions.
