Central Asian giant faces multiple headwinds
Surging Covid cases are not the only challenges facing Kazakhstan’s largest oil and gas developments
Kazakhstan’s oil and gas industry faces fresh strains, with a sharp rise in Covid-19 cases affecting its largest oilfield development, the Chevron-led Tengiz. And IOC partners in its three major schemes—Tengiz, Kashagan and Karachaganak—appear disinclined to pump in more investment in the context of stronger calls on their capex elsewhere in their portfolios. The Covid problem facing Tengiz is not new. Production was disrupted earlier in 2020 after outbreaks at worker camps. But the infection rates have spiked sharply upwards at the end of the year and going into 2021, presenting another challenge to the government in Nursultan. Tengizchevroil (TCO), operator of Tengiz, was ordered by the re
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
