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Brent$117.6Gas TTF$1,192USD453.87 ₸
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Digest · every Monday

Kazakhstan's oil and gas week

Once a week — the main news on Kazakhstan's oil and gas and the big world events that touch it. Plain language, reputable sources only and no politics. Each story says what it means for operators, investors and suppliers.

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Process piping and valves
Week · 26 October – 1 November 202611 stories · 11 min read

KMG targets 4.5 billion m³ of gas by 2030; European gas tops $1,200

  • KMG: marketable gas from 2.4 to 4.5 billion m³ a year by 2030; three projects to add 2.1 billion m³.
  • The ban on LPG exports by road and rail is proposed to be extended for six months from 14 November.
  • Kursiv Research: TCO produced 39.0 Mt in 2025, 39% of the country's oil; 99.6 Mt in all.
  • OPEC+ for December: Kazakhstan unchanged at 1.628 million barrels a day.
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All issues

Week · 19–25 October 202611 stories · 13 min read

Brent climbs to $116.7; KMG and CNPC to double the Shymkent refinery

19–25 October: Shymkent refinery to 12 Mt by 2030; Bloomberg: $12bn of Kashagan claims rejected; base rate 15.75%; Brent $116.72.

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Week · 12–18 October 202612 stories · 17 min read

Oil output fell 8.3% in nine months; Brent ended the week near $110

12–18 October: oil output −8.3% in nine months, 96 Mt forecast; the 2027 budget assumes $70; Nostrum sells its assets for $304.6m; Brent $109.86.

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Week · 5–11 October 202611 stories · 14 min read

The Dunga dispute is closed; the Kashagan fine settlement falls through

5–11 October: the Dunga PSA dispute is closed; Bloomberg: the Kashagan fine settlement fell through; the fuel protocol with Russia is ratified; Brent $104.4.

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Week · 28 September – 4 October 20268 stories · 8 min read

Karachaganak drags September output down, a fourth refinery by 2033

28 September – 4 October: September output 7.65 Mt; a fourth refinery by 2033 and 39 Mt of refining; OPEC+ keeps November levels; Brent near $101.

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Week · 21–27 September 20268 stories · 8 min read

56 oil and gas blocks go to auction, a court rules against NCOC, Brent near $104

21–27 September: a 56-block subsoil auction on 25 December; a court rules against NCOC over a 2.3 trillion ₸ fine; Brent from $100 to $107.8; tenge at 441.88.

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Week · 14–20 September 202612 stories · 10 min read

Oil output down, fuel excise up, Brent holds above $100

14–20 September: oil output −8.3% in eight months, a 96 Mt forecast for 2026–2027; fuel excise coefficient at 95%; Karachaganak maintenance; Brent near $105.

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