The Kazakh Lion in winter
Kazakhstan’s former long-time leader is approaching a landmark birthday. But he is resisting any temptation to mark it with a comeback
Nursultan Nazarbayev, the builder of modern Kazakhstan, is successfully recovering from a bout of Covid-19, his associates say, as his 80th birthday fast approaches next week. And he is already preparing to help his country pull through its next big challenge: diversifying revenue away from hydrocarbons amid a global economy decimated by the virus and with huge dents in its demand for oil and gas. But the political veteran, who stepped down as president last year but retains the symbolic title of ‘first president’ (and continues to serve as chairman of Kazakhstan’s security council), has no plans to formally return to power, a senior Kazakh official tells Petroleum Economist. Rumours of str
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






