PETROLEUM. Analytical journal. New projects, fields’ development, production, processing and transportation of oil and gas, presentation of the companies, statistics on the production of hydrocarbons, monitoring of investment legislation.

The results of 2024 and the outlook

By 2050, the world will change, but the need for reliable, affordable energy that drives economic prosperity and improves living standards while reducing greenhouse gas emissions will remain just as critical as it is today. The global population will continue to grow, driving energy demand higher. Achieving this balance will require wind, solar, oil, natural gas, and nearly every other available energy source because access to energy fosters human development and enhances the quality of life.

Our Association Facilitates Collaboration Among Industry Players, Producers, Consumers, and Government Agencies

Gabit Tolkimbayev, General Director of the Association of Producers and Consumers of Petrochemical Products, answers questions for Petroleum.

– Gabit Azhdarovich, what is the potential capacity of Kazakhstan's petrochemical market?

– According to the Bureau of National Statistics under the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, the market volume for key petrochemical products in 2023 was: for polypropylene – 116,841 tons, polyethylene – 202,300 tons, polyethylene terephthalate (PET) – 77,100 tons.

ExxonMobil Global Outlook. Executive Summary

ExxonMobil In 2050, the world will be different – vastly different.

Modern living standards are made possible by ready, affordable access to energy. For the billions of people without that access, even the most basic tasks of life can be extremely challenging. Looking out to 2050, the global population will continue to grow, adding to the demand for energy. Any transition that fails to affordably meet this demand along with the world’s ever-evolving needs is simply not just.

On Expanding the Resource Base, Gas Chemistry, Disputes with Investors, and Continuity in Policy

Oil and gas industry experts Askar Ismailov [AI] and Abzal Narymbetov [AN] reflect on some of 2024's key outcomes. Oleg Chervinskiy, publisher of the Petroleum Journal, moderates the discussion.

– Good evening. Let’s begin our review of the oil and gas year by discussing the situation regarding reserve replenishment by our two national companies, KazMunayGas and QazaqGaz. The situation appears rather dire based on publicly available information, as geological exploration has been nearly absent in recent years. Great hopes were placed on the Caspian shelf, but recent news from the shelf has also been disappointing. 

A Legend of Kazakhstani Art: Bibigul Tulegenova Celebrates Her Jubilee

Bibigul Akhmetovna is rightfully regarded as Kazakhstan's national treasure. UNESCO lists her as one of the most outstanding women of the 20th century.

Her voice likened to a sparkling brook flowing across the boundless steppes, has become a hallmark of Kazakh art, an inexhaustible source of inspiration for generations of musicians, and a profound expression of her audience’s admiration. To this day, the People's Artist captivates audiences with her radiant smile and unshakable optimism.

Kazakhstan❜s Energy Horizon: Bridging Knowledge Sustainability and Innovation in the Caspian Region

Kazakhstan's Energy Horizon: Bridging Knowledge, Sustainability and Innovation in the Caspian Region

Atyrau, the heartland of Kazakhstan's petroleum industry, took center stage as the Society of Petroleum Engineers (SPE) Annual Caspian Technical Conference and Exhibition (CTCE) transformed the city into a global energy dialogue hub. This strategic move to host the conference in Atyrau – Kazakhstan's oil capital – was more than a geographical choice. It symbolized a deliberate effort to bring world-class energy expertise directly to the region's operational core