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Russia and Caspian upstream in brief

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The Russia and Caspian upstream in brief provides Wood Mackenzie's expert opinion and analysis of the key events impacting the upstream industry in the region. We draw upon our upstream database and data tools to help deepen our clients' understanding of the region. The report primarily focuses on exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.

Table of contents

  • Global upstream updates: our favourite slides and topics
  • Rosneft chief warns of energy transition 'utopia'
  • Shell and Eni ordered to cede Karachaganak gas plant project to KMG
  • Weak economics hinder progress towards Karachaganak gas plant FID
  • Kazakhstan announces May onshore block auction results
  • Baku Energy Week 2025 delivers big deals in Azerbaijan
  • Nostrum Oil & Gas gets go ahead to develop Stepnoi Leopard fields in Kazakhstan
  • ADNOC’s XRG takes stake in Turkmenistan’s offshore Block 1 gas project
  • EU to end dependency on Russian energy
  • Kazakh relief as Russian court lifts suspensions on CPC loading terminal
  • Kazakhstan faces limited options as it records massive OPEC+ overproduction
  • Kazakh exports at risk as CPC terminal halts operations from key mooring points
  • 274 more item(s)...

Tables and charts

This report includes the following images and tables:

  • Incremental Karachaganak GPP economics under various cost and price scenarios
  • May 2025 auction results
  • Energy Week deals in Azerbaijan
  • Chinarevskoye gas plant capacity and throughput
  • Block 1 in Turkmenistan
  • Kazakhstan oil production (excluding condensate)
  • Kazakhstan liquids exports routes*
  • Location Map for Abai 1
  • May 2025 auction
  • Kazakhstan recent exploration wells
  • CPC pipeline route and key sources of throughput
  • Turkmenistan gas exports in 2025
  • 176 more item(s)...

What's included

This report contains:

  • Document

    Russia and Caspian upstream in brief

    PDF 32.29 MB