Crude oil production in Kazakhstan has been stabilized following a series of infrastructure disruptions on the Caspian Pipeline Consortium (CPC) network, Kazakh Energy Minister Yerlan Akkenzhenov announced while congratulating industry workers on their upcoming professional holiday.
Kazakhstan’s Energy Ministry said the country’s Kondensat oil refinery will process Russian oil, with 70% of the resulting petroleum products to be shipped to Russia and the remaining 30% retained in Kazakhstan, Kazakh Energy Minister Yerlan Akkenzhenov said.
Kazakhstan is in talks with Russia to process Russian oil at its refineries with the products to be sold domestically and supplied back to Russia, the Kazakh Ministry of Energy said.
Kazakhstan’s Ministry of Energy said that it has not received any requests from Russia for fuel supplies, while noting that it could consider such sales on commercial terms.
Kazakhstan's Energy Ministry has retained plans to produce 98 million tonnes of oil in 2026, Kazakh Energy Minister Erlan Akkenzhenov said.
Additional volumes of Russian gas will be supplied to Kazakhstan under an agreement reached at the St. Petersburg International Economic Forum.
Kazakhstan views the Caspian Pipeline Consortium as its primary oil export route to global markets, with all other routes serving only as supplementary options, Kazakh Energy Minister Erlan Akkenzhenov said.
The volumes of Kazakh oil earlier transported to Germany over the Druzhba oil pipeline will go to other destinations from May 1, Russian Deputy Prime Minister Alexander Novak said.
Oil transit from Kazakhstan via the Druzhba pipeline will resume as soon as it is technically feasible, Kazakh Energy Minister Erlan Akkenzhenov said.
Kazakhstan's Minister of Energy announced the restoration of oil production at the country's largest field. Currently, it produces up to 120,000 tons per day.
Production operations have been resumed at the Tengiz oil field in Kazakhstan, the country's Ministry of Energy reported.
Kazakhstan has submitted a formal bid to the U.S. authorities to acquire Russian oil producer Lukoil's in the country's energy projects, Kazakh Energy Minister Yerlan Akkenzhenov said.
Oil production at Kazakhstan's Tengiz field, which was suspended on January 18 due to a transformer fire, will be restored within a week, Kazakh Energy Minister Yerlan Akkenzhenov said.
The oil majors that operate the Karachaganak field in Kazakhstan lost an international arbitration case, leaving them liable to pay as much as $4 billion in compensation to the country’s government, Bloomberg reported.
A special commission has been established to investigate the technological incident that occurred at the Tengiz oil field, the Ministry of Energy of Kazakhstan reported.
Kazakhstan's energy ministry said it would redirect some oil from the Kashagan oil field to China after a Ukrainian drone attack on the Caspian Pipeline Consortium's Black Sea terminal, at the Russian port of Novorossiysk.
Kazakh Energy Minister Yerlan Akkenzhenov met with US Treasury official Bradley Smith in Washington to address sanctions-related economic challenges.
The Kazakh Ministry of Energy has denied reports by several Kazakh media outlets of interruptions in the country's gas supply due to the suspension of operations at the Orenburg Gas Processing Plant.
Kazakhstan is holding talks to resume oil transit via the Baku-Tbilisi-Ceyhan pipeline (BTC), Kazakh Energy Minister Yerlan Akkenzhenov said.
Russia and Kazakhstan have started construction of a nuclear power plant (NPP) in the republic. The initial stage includes survey and engineering work.
