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Kazakhstan delegation took part in the work of the world energy conference "IHS CERAWeek" in Houston

The Kazakhstan delegation in early March, led by First Deputy Minister of Energy Makhambet Dosmukhambetov, took part in the IHS CERAWeek 2018 Executive Conference in Houston, USA. This year, the forum hosted more than 3,400 participants from 60 countries, including energy ministers, heads of international...

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...

Kazakhstan created new digital oil transportation technology

Scientists of the Satbayev University jointly with specialists of KazTransOil under the scientific supervision of Professor of the Kazakh National Science Academy Iskander Beisembetov have developed a digital technology which allows to perform real-time modeling, monitoring and optimization of oil...

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...

EBRD to invest $244 million in Kazakh renewable energy projects

The Eurasian Bank for Reconstruction and Development (EBRD) plans to invest approximately $244.2 million in Kazakh renewable energy sources (RES) attracting private and international financial investment. Fifty-two renewable energy facilities will be built through 2020, said Minister of Energy Kanat...

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...

Kazakhstan makes ‘meaningful progress’ in extractive industry transparency, report suggests

The Extractive Industries Transparency Initiative (EITI) determined Feb. 13 that Kazakhstan has made meaningful progress overall in implementing the EITI Standard. The decision was made based on the validation process conducted by the EITI starting from July 1, 2017. Validation is the EITI’s...

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...

NCOC mulls development of Kashagan satellites

The international consortium in control of Kazakhstan’s massive Kashagan oilfield in the Caspian Sea is eyeing the development of two smaller deposits nearby. North Caspian Operating Co. (NCOC) has rights to three fields besides Kashagan, the largest of which is the Kalamkas deposit. Caspi...

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...

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