Country Report
Kazakhstan upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Kazakhstan is Central Asia's largest oil producer and a core location for the Majors. Three super-giant projects dominate the upstream industry: Tengizchevroil, Kashagan and Karachaganak. These megaprojects account for the majority of liquids production, gas sales and current and future investment. The corporate landscape is diverse and also includes assets held by state-owned NC KazMunaiGas and Chinese NOCs. Kazakhstan is landlocked, but is now well-served by liquids and gas export routes to the west (via Russia) and east (to China).
Table of contents
- Executive summary
- Key facts
- Location maps
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Key companies
- NC KazMunaiGas (NC KMG)
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State-owned midstream operators
- QazaqGaz
- KazTransOil (KTO)
- Majors
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Other IOCs
- Asian operators
- Russian operators
- Western operators
- Local operators
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Kazakh service sector
- Local content
- Local supply chain
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Geology
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Introduction
- Efforts to promote frontier basins
- Precaspian basin
- Structural elements
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Stratigraphy
- Pre-salt
- Post-salt
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Plays
- Pre-salt
- Post-salt
- North Ustyurt and East Aral basins
- Structure
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Reservoirs
- North Ustyurt basin
- East Aral basin
- 13 more item(s)...
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Introduction
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Exploration
- Licensing
- Overview
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Onshore
- Online auctions (2020 onwards)
- Previous licensing rounds
- Blocks with state company priority rights
- Geological study agreements
- Potential licence awards
- Ultra-deep Eurasia project (suspended)
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Offshore
- Active licences
- Potential licence awards
- Relinquished licences
- Cross-border blocks (Russia)
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Drilling
- Drilling activity
- Overview
- Soviet-era exploration
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Modern exploration
- Offshore
- Onshore
- Coalbed methane (CBM)
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Reserves and resources
- Conversion factors
- Transition to Western reserve standards
- Reserves by basin
- Reserves by shore status
- Liquids
- Sales gas
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Production
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Liquids
- Overview
- Historical production
- Current and future production
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Gas
- Overview
- Historical sales production
- Current and future sales production
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Liquids
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Infrastructure
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Introduction
- Recent and current investment priorities
- Pipeline tariffs
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Oil infrastructure
- Overview
- Existing liquids pipelines
- Caspian Pipeline Consortium (CPC)
- Uzen-Atyrau-Samara (UAS)
- Kazakhstan-China Oil Pipeline
- Other pipelines
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Proposed liquids pipelines
- Kazakhstan Caspian Transportation System (KCTS)
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Rail and sea transportation
- Rail infrastructure
- Ports and shipping
- Refineries
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Gas infrastructure
- Overview
- Existing gas pipelines
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West Kazakhstan
- Central Asia-Centre (CAC)
- Uzen-Aktau
- Soyuz Orenburg-Alexandrov Gai
- Makat-Atyrau-Astrakhanskoye (Makat-North Caucasus)
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Central Kazakhstan
- Bukhara-Ural
- Zhanazhol-Aktobe-Krasnyy Oktyabr
- Zhanazhol - KC-13 (Bukhara-Ural)
- Kartaly-Kostanay
- Proposed pipeline for larger-scale Russian gas imports
- 4 more item(s)...
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Introduction
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Costs
- Introduction
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Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
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Policy and regulation
- Key legislation
- Background
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Current legislation
- Tax Code
- Subsoil Use Code
- Law on Gas and Gas Supply
- Environmental Code
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Key considerations
- Local content
- Environmental
- Finance
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Regulatory body
- Ministry of Energy
- Ministry of Finance
- Ministry of National Economy
- Samruk-Kazyna
- National Oil Fund
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State oil company
- NC KMG subsidiaries
- 2 more item(s)...
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Fiscal terms
- Overview
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Upstream
- Tax stability
- Midstream / downstream
- Current fiscal terms
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Concession
- ‘Improved model contract' for new complex projects (2023 onwards)
- State equity participation
- Bonuses, rentals and fees
- Mineral Extraction Tax (MET)
- Amendments in 2025 Tax Code
- Rent Tax on Export
- Oil Export Customs Duty (ECD)
- Road / property / land tax
- 12 more item(s)...
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PSCs
- Overview
- Profit sharing
- Corporate Income Tax (CIT)
Tables and charts
This report includes the following images and tables:
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Liquids production by fieldGas sales by fieldKey facts: Table 1
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Country mapKazakhstan: recent block awardsKazakhstan: active blocks by basinReserves and resources: Table 1Liquids and gas reservesReserves and resources: Table 2Liquids reserves by basinGas reserves by basinReserves and resources: Table 3
- 56 more item(s)...
What's included
This report contains:
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