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
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
24 April 2026
Countries in the region are turning to the cleaner-burning fuel for power generation, driving demand for imports
