Kazakhstan – Oil & Gas 360

Shell signs oil and gas exploration deal in Kazakhstan

March 5, 2026

(Oil Price) – Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy Ministry said on Thursday. The agreement – signed by Kazakhstan’s Deputy Energy Minister Yerlan Akbarov and Suzanne Coogan, Senior Vice President and Country Chair at Shell Kazakhstan – entails seismic exploration, data collection, and technical assessment of potential

Big oil challenges $5 billion environmental fine in Kazakhstan

February 23, 2026

(Oil Price) – The international oil companies operating the giant Kashagan oilfield in Kazakhstan have initiated an arbitration process to challenge a massive $5-billion fine for allegedly exceeding sulfur storage limits at a processing facility at the second biggest oilfield in the OPEC+ producer. The dispute, one of several against Big Oil that Kazakhstan currently has, is cooling the relations between

Kazakhstan seeks U.S. approval to buy Lukoil’s Kazakh assets

January 28, 2026

(Oil Price) – Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday. The United States sanctioned Lukoil at the end of October, which prompted the Russian firm, the country’s second-largest oil producer, to seek a sale of its foreign assets. Soon after,

US, Kazakhstan energy ministries discuss cooperation

January 23, 2026

(BOE Report) – Kazakhstan’s energy ministry said on Friday that it had held talks on energy cooperation with the U.S. Department of Energy and the U.S. embassy in the Central Asian country, which is a major energy producer, accounting for around 2% of daily oil supply. In a statement posted on Telegram, the ministry said that the two sides had

Kazakhstan battles Big Oil in $3.5 Billion arbitration case

December 15, 2025

(Oil Price)– Kazakhstan expects a court ruling on its $3.5-billion lawsuit against international majors by the end of this year, Energy Minister Yerlan Akkenzhenov said on Monday as the country is suing Big Oil in several separate proceedings with total compensation and damage claims of more than $160 billion. The first arbitration ruling, against the consortium operating the Karachaganak oil

Oil exports via Caspian pipeline down 12% in November m/m, sources say

December 11, 2025

(BOE Report) – Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday. CPC, which handles around 80% of Kazakhstan’s oil exports, was attacked by a Ukrainian drone on November 29, when one of

Kazakhstan’s CPC oil pipeline will not return to full export capacity before December 11, sources say

December 8, 2025

(BOE Report) – Kazakhstan’s Caspian Pipeline Consortium, which accounts for 1% of global crude supply, will not return to full export capacity until at least December 11 after a Ukrainian drone attack damaged a key part of its terminal, two industry sources told Reuters. The CPC terminal, which handles around 80% of Kazakhstan’s oil exports, was damaged by a Ukrainian

Kazakhstan drags big oil to Swiss court in $166 billion lawsuit

November 17, 2025

(Oil Price) – Kazakhstan has filed for arbitration in a Swiss court in its lawsuit against major international oil firms as the OPEC+ producer seeks billions of U.S. dollars of damages from Big Oil over contract delays, bribery, and cost overruns, sources familiar with the matter told Bloomberg. The country, where international majors including ExxonMobil, Chevron, Shell, Eni, and TotalEnergies, have developed

Trump to meet Central Asian presidents as US seeks to counter China, Russia influence

November 6, 2025

(Investing)– U.S. President Donald Trump will host the leaders of five Central Asian nations at the White House on Thursday as the U.S. seeks to gain influence in a region long dominated by Russia and increasingly courted by China. The talks take place amid intensifying competition for Central Asia’s vast mineral resources. Western nations are seeking to diversify supply chains

Oil majors win $4.2 billion environmental dispute in Kazakh court

August 4, 2025

(World Oil)– Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said. Kazakhstan previously sought to fine the Kashagan oil field venture partners for about 2.3 trillion tenge, or $5.1 billion at the time but $4.2 billion at current exchange rates. “We welcome the Appellate Court’s decision

Kazakhstan says it has no plans to cut oil production this month

May 8, 2025

(World Oil) – Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May, the country’s Energy Ministry said. Central Asia’s largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000

Kazakhstan considers options to meet OPEC+ production cut obligations

May 7, 2025

(World Oil) – Kazakhstan is considering its options for complying with the country’s OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line over the weekend. “Kazakhstan always was and is committed to OPEC+ agreement,” the Astana-based ministry said on Tuesday in emailed reply to questions. Central Asia’s largest oil producer “is

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