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Kazakhstan's President resigns: implications for the upstream sector

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20 March 2019

Kazakhstan's President resigns: implications for the upstream sector

Report summary

The shock resignation of Kazakhstan's President Nursultan Nazarbayev, after 30 years in power, has moved political succession from rumour to reality. Kazakhstan is Central Asia's largest oil producer – almost 2 million b/d – and a core location for most of the Majors. By net value, it ranks among the top few countries for each of Chevron, Eni, ExxonMobil, Shell and Total. Political stability and policy predictability will therefore be watched closely by international investors. What are the immediate implications for the energy sector?

Table of contents

  • A new political dawn for Kazakhstan
    • Risk of near-term slowdown in government activity
    • Risk of deferral of NC KMG IPO plans
    • Investor attractiveness remains a work-in-progress
    • Some strategic energy projects may be re-evaluated
    • Regional energy relations will stay strong
  • Wood Mackenzie and Verisk Maplecroft's Kazakhstan coverage

Tables and charts

This report includes 2 images and tables including:

  • Kazakhstan oil and condensate production
  • IOC upstream value in Kazakhstan (NPV10 at start-2019)

What's included

This report contains:

  • Document

    Kazakhstan's President resigns: implications for the upstream sector

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