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Reforms in Kazakh power sector to strengthen position of producers

The new electricity market model in Kazakhstan may improve the most efficient generators' earnings predictability, especially after the tariff freeze during 2016-2018, depending on the details of the first capacity auctions, Fitch Ratings said in a message. The agency believes that the capacity market...

Oil production plan for 2018 is 87 mn tonnes - Bozumbaev

The plan for oil production in 2018 is 87 million tonnes, RK Energy Minister Kanat Bozumbayev said at a meeting of the Ministry. "Oil production in 2017 was 86.2 million tonnes, which is 10.5 percent more on-year. The largest oil production volume was provided by the Atyrau and Mangistau oblasts,...

The question on development of the sea fields Khazar and Kalamkas-Sea will be solved in 2018

The Ministry of Energy of Kazakhstan plans to reach final agreements on a joint development of the sea fields Kalamkas-Sea and the Khazar in 2018. “We expect to achieve positive results on the project of development of Khazar and Kalamkas-Sea fields and negotiations are continuing,” Minister...

Kazakhstan scholars invent lamps imitating solar light

Lamps imitating solar light are being developed in Kazakhstan. "A group of local and foreign scientists jointly with Kazakhstan company Led System Media have developed LED filament lamps of the second generation for innovative facilities and green-house," the Science Committee of the Kazakh Ministry...

EBRD announces forecast for Kazakhstan's economic development in 2018

Hans Holzhacker, Associate Director, Regional Lead Economist of the European Bank for Reconstruction and Development announced the forecast for Kazakhstan's economic growth in 2018, presenting the EBRD Transition Report 2018-19 in Astana on February, 27. During the presentation of the report Hans...

Alageum Electric expands export borders

Alageum Electric, one of Kazakhstan’s major electrical engineering companies, offers a wide range of products and services. The company not only provides power transformers to the domestic market, but also exports them abroad. The new plant opened this year will strengthen its positions in the...

Construction of fourth refinery to be decided on soon, Ministry

Construction of the fourth refinery will be decided in the second half of 2018, Energy Minister Kanat Bozumbayev informed today at the enlarged meeting of the Ministry. "As urged by the President, we are working out the issue of construction of the fourth refinery," the Minister said. According...

Aktobe region will increase the volume of oil and gas production

According to the results of 2018, no less than 6.2 million tonnes of oil and 7 billion cubic meters of gas should be produced in the Aktobe region, the correspondent of the portal "Moy gorod" reports with reference to the press service of the Governor of the Aktobe region. We constantly analyze the...

Kazakhstan listed among countries with cheapest gasoline

Kazakhstan entered the list of top twenty countries with the cheapest gasoline, RK Energy Minister Kanat Bozumbayev said at the board meeting of the Ministry, referring to the Global Petroleum Prices international agency rating. In the February 19, 2018 rating, Kazakhstan is 15th in the cheapest...

Italy's Eni posts record high output, sees excellent growth prospects

Kazakhstan’s leading upstream investor, Italy's Eni, like its other peers enjoyed a strong 2017, and amid higher oil prices and record high output, the oil major expects to create "substantial value surplus" for its shareholders after four years of intense change. The company said that after...

«Энергетика, Электротехника и Энергетическое машиностроение»

«Атомная энергетика и промышленность»

"Energy, Electrical Equipment and Machine Building"

"Nuclear Energy and Industry"