The oil production quotas were exceeded in February due to technological processes within the framework of Tengiz expansion, the Kazakh Energy Ministry said.
Kazakhstan is fully committed to the OPEC+ agreement and continues to work to fulfil its obligations, including compensation for oil overproduction, the republic's Ministry of Energy said.
The net profit of Kazakhstan's ForteBank surged by 37.7% reaching 160.3 billion tenge, as indicated by the company’s IFRS consolidated financial statements.
Kazakhstan will soon adjust oil production to fully comply with the limits set by the OPEC+ agreement, the republic's Energy Ministry said.
The Presidents of Kazakhstan and Finland, Kassym-Jomart Tokayev and Alexander Stubb, discussed the current state and prospects of development of bilateral cooperation, as well as the international ...
The head of the Ministry of Energy of Kazakhstan Almasadam Satkaliyev agreed with major subsoil users on the schedule for fulfilling obligations to OPEC and compensating for excess production, the ...
Kazakh companies, including the country's largest construction companies BI Group and BAZIS-A, have paid a total of 17 billion tenge in additional taxes, the Kazakh Finance Ministry reported.
Kazakhstan produced 1.77 million barrels of oil per day in February, S&P Global Commodity Insights said in a review, citing Platts data.
In Kazakhstan, in connection with the preparation and holding of the military parade in Astana, it is planned to transfer personnel and move military equipment starting from March 13, the press ...
Hungarian company UBM Group plans to build in Kazakhstan three combined fodder plants, with an annual capacity of 100,000 tonnes each, and a premix production facility with a capacity of 48,000 tonnes ...
Kazakhstan produced 15.6 million tonnes of oil in January-February 2025, marking a 3.7% increase compared to the same period last year, the government's press service said in a Wednesday statement.
Kazakhstan is considering introducing parental control SIM cards to restrict children's access to certain websites and social media platforms, Deputy Minister of Education Yedil Ospan announced.
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