Kazakhstan

Masdar commits to developing a 300MW/600MWh battery storage system in Uzbekistan, marking a major step in modernising the national grid and securing investments in renewable energy.
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.
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JA Solar has signed an agreement with Larsen & Toubro to supply photovoltaic modules for the Samarkand 1 and 2 solar power plants, developed by ACWA Power with a total installed capacity of 1.2 GW.
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.

Envision Energy and ACWA Power Partner to Industrialize Wind Energy in Central Asia and the Middle East

The Chinese wind turbine manufacturer and Saudi operator sign a seven-year framework agreement to deploy local production lines and enhance technological cooperation in several strategic markets.
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Plug Power has signed a supply agreement with Allied Biofuels to equip a sustainable fuel production site in Uzbekistan, bringing total contracted capacity with Allied partners to 5 GW.
ACWA Power signed $10bn worth of projects and financing agreements across Central Asia, the Gulf, China and Africa, marking a new phase in its global energy expansion.

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.
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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 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. —

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.
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The construction of Uzbekistan’s first small modular reactor (SMR) is underway, with 1.5mn m³ of earth being excavated in Jizzakh, marking a major milestone for the nuclear project led by Rosatom.
The Nurlikum Mining joint venture enters a new industrial phase with the launch of the South Djengeldi project, targeting annual production of 500 tonnes of uranium over ten years in Uzbekistan.

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.
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An unprecedented overnight offensive targeted gas infrastructure in Ukraine, damaging several key facilities in the Kharkiv and Poltava regions, according to Ukrainian authorities.
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.
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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.
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.
In the Kazakh steppe, Ulken awaits the construction of its first nuclear power plant to address its energy deficit, despite a past marked by Soviet nuclear tests and uncertainties about the project's future.
Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.

Kazakhstan boosts Tengiz while consolidating ties with OPEC+.

Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
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Solidcore Resources plc is embarking on a major energy transition by building renewable energy plants in Varvara and Kyzyl. The project aims to reduce the company's carbon footprint while guaranteeing a stable energy supply, thereby meeting today's economic and environmental challenges.
Condor Energies Inc. takes a decisive step into liquefied natural gas production in Kazakhstan, receiving a second gas allocation for a low-carbon facility. This breakthrough supports the energy transition and modernizes the transport sector.

Explosion in a gas field in Uzbekistan: Safety and management in question

A tragic explosion in a gas field under construction in Uzbekistan has killed four people and injured several others. This incident raises crucial questions about worker safety and risk management in the energy sector.
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Central Asia, in search of new partnerships, is turning to Germany to develop trade and energy corridors. This dynamic, in the face of current geopolitical challenges, could transform the region into a key player on the international stage.
Germany is stepping up its efforts to secure raw materials in Central Asia, in particular with Uzbekistan, against a complex geopolitical backdrop. This strategy aims to diversify its energy supplies while addressing issues of human rights and transparency.

Russia may restrict exports of uranium, titanium and nickel

Faced with Western sanctions, Russia could limit its exports of strategic metals such as uranium, titanium and nickel, directly impacting global markets and supply chains.
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OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.
Libyan crude oil exports resume from eastern ports as political negotiations progress between rival governments, supported by UN-sponsored talks.

Kyrgyzstan obtains $13.6 million from the World Bank for Kambarata-1

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.
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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.

Brent crude falls to a 9-month record low: Markets in a state of uncertainty

Brent crude prices fell sharply on expectations of a rapid resumption of Libyan exports and possible adjustments to OPEC+ production cuts.
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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.
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a renewable hydrogen production unit in Uzbekistan, aimed at reducing the use of fossil hydrogen in the fertilizer industry.

Kazakhstan launches its nuclear project

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.
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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.
Altay Enerji is involved in a 240 MW natural gas-fired power plant project in Bishkek, aimed at modernizing Kyrgyzstan's energy infrastructure while reducing its carbon footprint.