Kazakhstan

CPC oil terminal shows signs of restart after nine months offline

An oil tanker has docked at a loading buoy at the Caspian Pipeline Consortium terminal that has been out of service for nearly nine months, suggesting the facility handling 80% of Kazakhstan's crude exports may be resuming operations.

Exxon ties $80B Kashagan expansion to $150B dispute

ExxonMobil Exxon Mobil Corporation has told Kazakhstan that a potential $80 billion joint investment to develop the western portion of the Kashagan oil field hinges on resolving a long-running dispute worth roughly $150 billion between the government and international oil…

Kazakhstan oil output fell 14% in July amid CPC drone attacks

Kazakhstan's crude oil and gas condensate production fell 14% in July compared with June as repeated drone attacks on tankers near the Caspian Pipeline Consortium terminal at Novorossiysk disrupted the country's primary export route, according to Reuters. Output dropped to…

Trump administration warns Ukraine over Black Sea tanker strikes

The Trump administration formally warned Ukraine on Wednesday, July 22, to stop attacking non-Russian vessels in the Black Sea, after drone strikes hit four tankers near the Russian port of Novorossiysk that were loading oil produced in Kazakhstan, according to…

Kazakhstan freezes Kashagan operator’s assets over $5B fine

Kazakhstan has frozen the property and transport of the North Caspian Operating Company, operator of the giant Kashagan oilfield, over the consortium's refusal to pay a nearly $5 billion environmental fine, according to the justice ministry's database as reported by…

Karachaganak oil output restored after drone strike

Oil production at Kazakhstan's Karachaganak field has been restored following disruptions caused by a Ukrainian drone attack on June 24 that struck the Orenburg gas processing plant in southern Russia, according to Reuters. The field, jointly operated by Eni and…

Kazakhstan agrees to ship gasoline to Russia as fuel crisis deepens

Russian President Vladimir Putin acknowledged on Sunday that the country faces a "certain deficit" of fuel, marking the Kremlin's first formal admission that sustained Ukrainian drone strikes on oil refineries have created a domestic energy crisis that will likely persist…

Kazakhstan signs $10 billion AI deal with Firebird, backed by Nvidia

Kazakhstan has signed a $10 billion artificial intelligence infrastructure agreement with U.S. startup Firebird Inc., with support from Nvidia, in what represents one of Central Asia's largest technology investments to date.

Bronze Age city in Kazakhstan reveals steppe metalwork hub

An international team of archaeologists has uncovered the remains of Semiyarka, a vast Bronze Age settlement in northeastern Kazakhstan that challenges longstanding assumptions about prehistoric steppe societies. The 140-hectare city, dating to around 1600 BC, reveals that nomadic communities were…