Insight
Kazakhstan’s upstream sector takes stock after nationwide unrest
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Early 2022 brought the most traumatic events in Kazakhstan’s 30 years of modern independence. Widespread protests and civil unrest led to unprecedented scenes of violence. The security situation has now stabilised, but more than 160 lives were lost. Kazakhstan matters for the global energy industry, given the scale of its output and the value at stake for international investors. We address several core questions on the repercussions for the Kazakh oil and gas sector: • Near-term production - what was the impact? • Risk perception - will this change how investors view Kazakhstan? • Regulatory environment - will the new government continue market-oriented reforms? • Energy transition - will Kazakhstan still keep pace with its net zero ambitions?
Table of contents
- Introduction
- Has there been a production impact?
- Will recent events change how investors view Kazakhstan?
- Will the new government continue market-oriented reforms?
- Will Kazakhstan still keep pace with its net zero ambitions?
Tables and charts
This report includes the following images and tables:
- Kazakhstan - daily oil and condensate production
- IOC upstream value in Kazakhstan (NPV10 at January 2022)
- Kazakhstan upstream capital expenditure (2021 real terms)
What's included
This report contains:
