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
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
