AILINCOM 
PetrusIn 2024, oil and condensate production in Kazakhstan is expected to decrease by nearly 4% due to drone attacks on export infrastructure and the early shutdown of production at the Tengiz field. Authorities do not anticipate a return to the record output levels of previous years until 2026.
PetrusKazakhstan has announced a new auction for the exploration of more than 20 major oil and gas fields, despite low interest in previous tenders. Applications are open until October 5, and the online auction will take place on November 18.
PetrusOil exports from Kazakhstan's largest fields have resumed after a week-long halt caused by drone attacks on tankers in the Black Sea. Operations at the terminal and pipeline have been restored, and production is gradually returning to previous levels.
PetrusKazakh oil companies have temporarily reduced production due to the suspension of tanker loading at the Black Sea terminal following drone attacks. This has affected exports, which account for more than 1% of global oil supplies. Consultations are currently underway to restore stable deliveries.
PetrusKazakhstan has initiated enforcement proceedings against the operator of the Kashagan oil field due to the non-payment of a multi-billion dollar environmental fine. The company and its foreign shareholders continue to challenge the recovery of the fine in courts and international arbitration.
PetrusSouth Korea's Hyundai Engineering has once again been selected as the contractor for the construction of a major gas processing plant at the Karachaganak field in Kazakhstan. The project is designed to process up to 5 billion cubic meters of raw gas per year and aims to meet the country's growing domestic demand for gas by 2030.