Source: CNBC
Kazakhstan’s recoverable oil reserves are estimated at approximately 4.4 billion tons, according to the Ministry of Energy.
“According to available data, Kazakhstan’s geological oil reserves are assessed at 13.2 billion tons, while recoverable reserves stand at roughly 4.4 billion tons. These figures may be updated as geological exploration advances and reserve assessments are revised,” the ministry said, The Caspian Post reports, citing Qazinform.
Recently, KazMunayGas Chairman Askhat Khasenov announced plans to develop a major new oil field.
The national company has adopted a large-scale exploration program for 2026-2030, which includes drilling 26 wells.
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