• KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%

Viewing results 61 - 66 of 117

Kazakhstan Seeks to Tap Huge Wind Power Potential

Kazakhstan may soon become one of the world leaders in wind power generation, the country’s Minister of Energy, Almasadam Satkaliev told a parliamentary commission on February 23rd. According to the minister, as the world’s ninth-largest country, Kazakhstan has significant potential for the development of the renewable energy sector, with its vast territory highly suited to wind and solar power generation. Kazakhstan’s climate is favorable for the construction of wind power plants as the country has wind corridors with wind speeds of more than five meters per second, a requirement for the operation of turbines. Experts estimate the potential of wind energy in Kazakhstan at 920 billion kWh per year. The Caspian Region, south Kazakhstan, and the Shelek Corridor and Dzhungar Gate located in the southeast have the most potential. The minister also noted the possibilities for the utilization of solar energy. The southern regions of the country see 2,200-3,000 hours of sun per year, among the most in the world. The best areas for solar generation are the Aral Sea region and south Kazakhstan. In 2023, Kazakhstan consumed 115 billion kWh of electrical energy, compared with 112.9 billion kWh in 2022, and produced 112.8 billion kWh, the same amount as in 2022. Last year Kazakhstan imported 3.4 billion kWh, and exported 1.4 billion kWh. In 2024, the country plans to generate 115 billion kWh. According to the minister, renewable energy has shown steady growth, and since 2014 its capacity has increased more than 16-fold — from 178 MW in 2014 to 2,868 MW in 2023. In 2023, the volume of electricity generated by renewable energy facilities amounted to 6.675 billion kWh, including 3.8 billion kWh from wind power plants, 1.8 billion kWh from solar plants, and 993.8 million kWh from hydropower plants. That accounted for 5.9% of the total electricity generation in the country. Kazakhstan’s goal is to achieve a 15% share of renewable energy sources in power generation by 2030, and a 50% share by 2050.

Tatneft to Explore for Hydrocarbons in Kazakhstan

Kazakhstan’s national oil and gas company, KazMunayGas, and the Russian Tatneft will create a joint venture for geological exploration for hydrocarbons at the Karaton Podsolevoy subsoil area in the Atyrau region in western Kazakhstan, KazMunayGas has announced.  The two companies signed agreements for the project on February 21st in the Russian city of Kazan. Tatneft is headquartered in the nearby town of Almetyevsk.  According to the agreements, KazMunayGas is selling Tatneft a 50% stake in Karaton Operating Ltd., the operator of the Karaton Podsolevoy project. In June 2023 KazMunayGas received a contract to explore and produce hydrocarbons at the Karaton Podsolevoy area and in September 2023 registered a private company, Karaton Operating Ltd., to implement the project. In November 2023, KMG transferred the subsoil use right to Karaton Operating Ltd. “[Kazakhstan’s president Kassym-Jomart Tokayev] set the task of attracting foreign investment in the raw materials sector and geological exploration,” commented Magzum Mirzagaliyev, chairman of the board of KazMunayGas. “In this regard, we held negotiations with a number of investors and are pleased that our partner in the Karaton Podsolevoy project has become the Tatneft company, which has extensive experience in the field of geological exploration and development of oil and gas fields.”  Mr Mirzagaliyev added that drilling of the first exploration well with a depth of 5,500 meters is planned for 2024.

70% of Kazakhstan’s Electricity Generated Using Coal

Last year Kazakhstan produced 112.7m tons of coal, 1.1% less than in 2022. The country’s energy-generating facilities used 65.9m tons and 31.9m tons were sent for export, according to data released by the National Bureau of Statistics. Kazakhstan ranks among the world’s ten leading countries in terms of coal reserves, with 49 deposits containing 33.6bn tons of coal.  Today the coal industry provides fuel for about 70% of Kazakhstan’s electricity generation. About 30 companies are currently engaged in coal mining in the country, providing jobs for almost 32,000 people. Large coal deposits are located mainly in Central Kazakhstan (Karaganda coal basin, Shubarkol deposit, Turgai brown coal basin) and the northeastern region (Ekibastuz and Maikuben coal basins and Karazhyra deposit). The Ministry of Industry and Construction earlier announced Kazakhstan’s plan to increase the production of coal in the period 2023-2029. The National Bureau of Statistics reported that exports of hard coal and lignite have increased 6.5-fold, mainly due to the growing demand for Kazakh coal from the countries of the European Union, which has placed an embargo on Russian coal exports to European countries since August 2022. 

Spanish Company Ready to Explore for Groundwater in Kazakhstan

Cooperation in groundwater exploration was discussed during a February 21st meeting of Kazakhstan’s minister for water resources and irrigation, Nurzhan Nurzhigitov, with the Spanish ambassador Jorge Urbiola López de Montenegro, and representatives of the Spanish company Xcalibur Smart Mapping, the global leader in natural resource mapping.  Xcalibur, whose technologies are widely used in Australia, Canada, the USA, and Europe, said that it was ready to help attract grants and funding for joint projects in groundwater exploration in Kazakhstan.  According to the Ministry of Water Resources and Irrigation, 4,540 groundwater deposits have so far been explored in Kazakhstan. Today the water reserves of Kazakhstan total 102.3km³ and the operational reserves of groundwater in the country amount to 15.7km³. Slightly more than 1% of the total volume of water is used to provide the population with drinking water. 

Record Numbers of Pink Flamingos Are Wintering in Turkmenistan

This year the Turkmen coastline of the Caspian Sea has hosted a record number of wintering birds. According to the international ornithological expedition, more than 207,000 birds have flown there since the fall. Pink flamingos, listed in the so-called Red Book of endangered species, are the emblem of Turkmenistan's Khazar State Nature Reserve. Scientists at the reserve counted 30,392 of these migratory birds in total. Turkmen ornithologist A.A. Shcherbina commented that "this is an official record, both according to recorded data and observations in our sector of the sea, which I have been engaged in since 1971." In Latin flamingo means fire or flame. This species is most commonly found in Africa, Southeast and Central Asia, the Caucasus, Central and South America, and the Mediterranean. In Central Asia there is a red-winged species of flamingo, which is usually called 'pink'. Nomadic peoples across Asia believe that seeing one will make them happy. Scientists carefully study, photograph and keep records of all coastal animal species of the Turkmen sector of the Caspian Sea. Specialists have noted that in the past years, endangered flamingos preferred to spend their winters in Iran. The current relocation of the birds, it seems, is caused by favorable changes in the water of the Caspian Sea and its coastline. Thanks to the efforts of staff from the Khazar reserve, natural conditions for nesting are improving on the Turkmen coast -- and the food base for protected birds is growing. According to their calculations, there are 50,000 more migratory birds this season than last season. The reserve, founded in 1934, took its name from the ancient name of the Caspian Sea -- Khazar. Most of the reserve's 270,000 hectares fall on the shores of the Caspian Sea.

Major Kazakh Oil Company Fined Over Fire that Wasn’t Extinguished for 200 Days

The Buzachi Oil Company has been fined 350 million tenge ($777,536) over a fire at the Karaturun field that burned for 200 days. As a result of a large methane leak at the field in June 2023, natural gas ignited at well number 303.  The fire was finally extinguished on December 25th. Consequently, representatives from a regional Department of Ecology office conducted an unscheduled inspection of Buzachi Oil LLP, and according to the data gathered, the maximum permissible concentration (MPC) of methane in the air in the vicinity of the field was 480-times higher than normal. Furthermore, the concentration of petroleum products in the soil was 168.13 mg/kg higher than the permissible limit. According to a since deleted post on petrocouncil.kz, the fire started on June 9th when a gas-water mixture was released during the lifting of the drilling tool and ignited. Members of Parliament subsequently called on the government to terminate the contract with Buzachi Neft and return the field to the state. It transpired that the well had been drilled a year earlier than it should have been - not in 2024, as indicated in the permit, but in May 2023. "Based on the results of the inspection, the enterprise was issued a prescription on the need to develop a remediation program to eliminate the environmental damage caused, as well as compliance with the norms of emissions into the environment. Four administrative protocols were drawn up. According to preliminary calculations, the fine will amount to more than 350 million tenge," the Ministry of Ecology and Natural Resources said. Experts estimate the volume of methane leakage at the field in Mangistau region amounted to 127,000 tons. If these estimates are correct, the methane leak at Karaturun may be the second largest in the history of observed leaks. Speaking to The Times of Central Asia, environmentalist Timur Yeleusizov said that Kazakhstan needs to open a full-scale inspection of multiple enterprises, hold them accountable, and fine them. Yeleusizov claims that multi-million dollar fines are imposed in theory, but it's not known how many of them have been levied in practice. "This is not the first such case. Last year Kazzinc dumped cement dust, then the Ulba River was colored white, and now it is green," Yeleusizov told TCA. "How long will this continue and how long will our state inactivity last? Recently, there have been frequent cases of waste discharged into water bodies and rivers from which people drink. This problem concerns all the enterprises of Kazakhstan, because the issue of waste processing has not been solved so far. Moreover, companies can [afford to] pay these multi-million dollar fines without harming themselves." Yeleusizov also emphasized that the areas where hotels and resorts are located are in great danger, as none of them meet environmental standards. "I've repeatedly raised this issue with the Ministry of Ecology and Natural Resources. We are now developing ecological tourism - glamping and camping in specially protected areas. Nevertheless, not a single mountain resort in Kazakhstan meets...

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