ASTANA, Kazakhstan, February 13. Kazakhstan’s
national oil and gas company KazMunayGas is currently focusing on
geological exploration of deep and underexplored areas, Chairman of
the Management Board Askhat Khassenov said during a meeting with
President Kassym-Jomart Tokayev, Trend reports via the press service of the Kazakh
President.


Tokayev was briefed on the company’s performance in 2025 and its
objectives for the upcoming period.


Khassenov reported that in 2025, contracts were finalized with
Chinese companies CNOOC and Sinopec for subsoil use projects in the
Zhylyoi area of the Atyrau region and the Berezovsky region of West
Kazakhstan. Additionally, major international players, such as
Turkish Petroleum Corporation, BP, and the Croatian Hydrocarbon
Agency, are currently evaluating promising areas for exploration in
Kazakhstan.


In 2025, eight exploratory wells were successfully drilled, with
plans in place to drill another 24 by 2029. Total investments in
these projects are projected to exceed $900 million.


The report further highlighted that oil and condensate
production reached 26.2 million tons in 2025, marking a 10%
increase compared to the previous year. Efforts are also underway
to augment gas production by an additional 2.3 billion cubic meters
annually at the Zapadnaya Prorva, Tsentralny Urikhtau, and
Rozhkovskoye fields.







''Last year, the three refineries operated by KazMunayGas
processed a total of 17.5 million tons of oil, producing 13.6
million tons of light petroleum products—1.2 million tons more than
in 2024. Moreover, large-scale investment projects worth over $15
billion in petrochemicals and gas processing are currently being
carried out.


A seawater desalination plant, Kenderli, with a capacity of
50,000 cubic meters per day, was commissioned in the Mangystau
region,'' the report says.


Tokayev gave instructions to accelerate geological exploration
and ensure the timely implementation of major investment
projects.


KazMunayGas, founded in 2002, is Kazakhstan's leading vertically
integrated oil and gas company, managing assets across the entire
production cycle from exploration and extraction to transportation,
refining, and specialized services.