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.

Gas as the Key to the Country❜s Decarbonization

Over the past years, the national company QazaqGaz has implemented numerous large-scale projects in sustainable development. Additionally, the company has been reporting on sustainable development for the second consecutive year according to the GRI (Global Reporting Initiative) standards. Based on last year’s results, it received its first ESG rating from the leading rating agency Morningstar Sustainalytics, ranking seventh among gas transportation companies globally and first among hydrocarbon production companies in Kazakhstan, as evaluated by this agency. Sanzhar Zharkeshov, General Director of NC QazaqGaz JSC, discusses the company's key achievements and development plans in ESG.

Leadership Change at the National Company KazMunayGas

By decision of the general meeting of National Company KazMunayGas JSC shareholders, Askhat Khasenov was elected as Chairman of the company's board starting May 28, 2024. Simultaneously, he was elected as a member of the JSC's Board of Directors until the expiration of the term of the Board as a whole.

Black Blood of Kazakhstan. The Nazarbayev Era. Year 1994: Winds of Change Blew from Atyrau

We present an excerpt from the new book by the well-known Kazakhstani journalist, oil and gas industry analyst, and publisher of the Petroleum Journal, Oleg Chervinskiy, "Black Blood of Kazakhstan. The Nazarbayev Era."  The oil chronicle covers the period from the declaration of the Republic of Kazakhstan's state sovereignty to March 2019, when the country's first president, Nursultan Nazarbayev, announced his resignation. The book can be described as a fine documentary-adventure novel featuring its heroes and anti-heroes, grand ambitions and equally large sums of money, geopolitical and spy games, mysterious deaths, and sudden wealth.

Trumping Victory of Tokayev and Re-start of Kazakhstan Political System

November 20, the extraordinary presidential elections took place in Kazakhstan. Kassym-Jomart Tokayev, the incumbent head of the state, secured his double-digit victory winning an 81% majority. [1] His adversaries were able to get the voters’ support only at the level of 1-3%. The international observers (CIS Executive Committee, CIS Interparliamentary Assembly, SCO, CSTO Parliamentary Assembly, OIC, OTG, Parliamentary Assembly of Turkic States) confirmed the legitimacy of the elections.

The Peak Oil is Not Yet Even on the Horizon

Kazakhstan is one of the leaders in the field of global energy security. Its role is significantly increasing now that the planet is experiencing a major energy crisis.

We all see that the world has been moving from one unprecedented event to another over the past two years. Markets had just begun to recover from the pandemic when Russia's invasion of Ukraine began. All this gave an impetus to a powerful restructuring of the energy paradigm.

A Quarter of a Century of CNPC in Kazakhstan: a Course for Further Fruitful Cooperation

Li Yonghong, CNPC Vice President for Central Asia and Russia, General Director of CNPC in Kazakhstan, answers Petroleum's questions. 

– Dear Mr. Li Yonghong, first of all, let us congratulate you on a significant date – the 25th anniversary of the CNPC Corporation in Kazakhstan. With the arrival of CNPC in our country in 1997, comprehensive cooperation between Kazakhstan and China in the oil and gas sector began. 

Nine Steps in the Green Direction. Summary of the Foreign Investors’ Council meeting

On June 9, the 34^th plenary meeting of the Foreign Investors' Council was held in Nur-Sultan under the chairmanship of the President of Kazakhstan, Kassym-Jomart Tokayev. The event was attended by heads of major multinational companies operating in Kazakhstan, heads of government agencies, and representatives of international organizations. The meeting agenda included issues of decarbonization of the Kazakhstani economy and the introduction of low-carbon technologies.

KazMunayGas in the First Quarter – Production Increased, Profit Did Not

The national company KazMunayGas announced its operating results for the first quarter of this year. It is obvious that the activities of the national company were greatly influenced by the January events and their consequences and the changed geopolitical situation after the outbreak of hostilities in Ukraine.