Kazakhstan – Oil & Gas 360

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

OPEC+ moves up video conference to discuss June oil production – Bloomberg

May 2, 2025

(Investing) – The Organization of Petroleum Exporting Countries and allies (OPEC+) has rescheduled its video conference to discuss oil production levels for June. The meeting, initially planned for May 5, will now take place on Saturday, according to a report from Bloomberg, citing delegates who requested anonymity due to the private nature of the information. The upcoming meeting has the potential

Chevron meets Wall Street profit estimates but cuts buybacks in Q2

May 2, 2025

(BOE Report) – Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil. The company’s share repurchases this year could be between $11.5 billion and $13 billion, said Chevron Chief Financial Officer Eimear Bonner, which would be in

Kazakhstan removes energy minister amid tensions with OPEC+, oil majors

March 18, 2025

(BOE Report) – Kazakhstan’s energy minister will stand down from his role, the country’s presidential office said on Tuesday, as the government struggles to convince U.S. and European oil companies to lower production that exceeds OPEC+ targets. Almasadam Satkaliyev will become the head of the country’s newly created atomic energy agency, the presidential office said in a decree published on

Kazakhstan’s oil output hits record high of 2.1 million bpd

March 3, 2025

(Oil Price)– Kazakhstan has ramped up oil production, with the country’s crude oil and gas condensate–a type of light oil- output hitting a record high of 2.12 million barrels per day in February, good for a 13% increase from January. Excluding gas condensate, crude oil production increased 15.5% m-o-m to 1.83 million bpd. The OPEC+ member has been able to increase oil output

OPEC+ overproducers present plans for cutting more oil production

April 30, 2024

Oil Price As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed plans outlining how they intend to implement these compensatory cuts. Both Iraq and Kazakhstan, nations that had surpassed their agreed-upon oil production targets by several hundred thousand barrels per day in the first quarter of the year, have submitted their respective

EXCLUSIVE Kazakhstan renames its export oil to avoid Russia sanctions risk

June 3, 2022

Reuters Kazakhstan is changing the name of the oil it exports via Russian sea ports to Kazakhstan Export Blend Crude Oil (KEBCO) to dissociate it from oil originating in Russia in order to avoid sanction risks and issues with financing. “Due to recent significant geopolitical changes … and to avoid negative effect of the changes on Kazakh oil exports via

‘Absolutely unprecedented’: Massive protests in Kazakhstan are making international shockwaves

January 6, 2022

CNBC Over the span of just two days, what began as protests over spiking fuel prices have snowballed into the most serious unrest the Central Asian nation of Kazakhstan, a major energy producer and long a symbol of stability among the former Soviet states, has faced in decades. Source: CNBC “I’ve never seen anything like this in Kazakhstan,” Maximilian Hess,

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

Iran, Venezuela May Complicate Global Oil Deal Talks: Kazakhstan

June 25, 2019

From Reuters Talks between OPEC and its allies next month about whether to extend their pact on cutting oil supplies “won’t be easy” and may be complicated by the situation facing Iran and Venezuela, Kazakh Energy Minister Kanat Bozumbayev said. The Organization of the Petroleum Exporting Countries and other large oil producers, including Russia and Kazakhstan, meet in Vienna on

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