• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.10730 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
18 January 2026

Viewing results 7 - 12 of 1526

Kazakhstan Makes Its Biggest Bet on Geological Exploration in Decades

Kazakhstan is embarking on its most ambitious geological exploration program in over 15 years. Over the next three years, the government plans to invest more than $470 million in the study of mineral resources, a figure that surpasses the total investment in the sector over the previous decade and a half. According to the government, a central element of this strategy is the shift toward more detailed mapping of mineral resources, aligned with international standards. In 2025, new-generation geological survey projects were launched, covering an area of approximately 100,000 square kilometers. These territories will later be divided into the most promising sites for in-depth exploration and analysis. This initiative is not merely a budgetary expansion but a long-term effort to lay the foundation for Kazakhstan’s future resource base. Detailed mapping helps reduce geological uncertainty and significantly influences private investors’ readiness to commit to early-stage projects. The total funding, set at $470 million, will cover a range of activities, including geological surveys, seismic studies in underexplored sedimentary basins, and the development of modern geological infrastructure. For context, total investment in Kazakhstan’s geological exploration from 2010 to 2025 amounted to $469 million. The program incorporates remote sensing, aero geophysical and geochemical studies, and large-scale fieldwork. In identifying high-potential sites, authorities considered factors such as reserve depletion, low activity by current subsoil users, and the strategic value of specific minerals. The government has highlighted regions with strong potential for copper, gold, lead, zinc, rare earth elements, barite, and bauxite. A dedicated portion of the program will focus on seismic exploration in the largely understudied oil and gas basins in the north and south of the country. Plans also include modernizing laboratory and analytical capabilities and digitizing geological data. The shift to high-resolution mapping, already standard practice in countries such as Canada, Australia, and EU member states, is expected to improve forecasting accuracy and reduce investment risks. As previously reported by The Times of Central Asia, Kazakhstan has emerged as a global leader in proven reserves of rare earth metals, driving renewed interest from international companies in the country’s expanding geological exploration sector.

Kazakhstan’s Transport Ministry to Investigate “Serious Aviation Incident” Involving Russian and Uzbek Flights

A serious aviation incident involving Russian and Uzbek commercial aircraft occurred in the airspace over southern Kazakhstan, according to Kazakhstan’s Department for the Investigation of Transport Accidents and Incidents. The incident was first reported by Kazinform, citing official comments from the agency. The event took place on the morning of January 10, within the area of responsibility of the Shymkent regional air traffic control center. At approximately 05:42 Astana time, air traffic controllers were managing two international flights when the incident occurred. The aircraft involved were Pobeda Airlines flight PBD997, en route from Moscow’s Vnukovo airport to Samarkand, and Uzbekistan Airways flight UZB9609, flying from Termez to Moscow. “In the A2I sector of the Shymkent regional dispatch center, during the handling of Pobeda Airlines flight PBD997 and Uzbekistan Airways flight UZB9609, an aviation event occurred,” the department stated, as quoted by Kazinform. The incident was classified as a “serious aviation incident” under national regulations, triggering a mandatory investigation by the relevant authorities. Kazakhstan’s Ministry of Transport has announced the formation of a special commission to investigate the case. According to the ministry’s press service, the standard duration for such investigations, from the establishment of the commission to the approval of the final report, is typically no more than three months, barring the need for additional analysis or technical assessments. At this stage, no information has been released regarding injuries, aircraft damage, or specific operational details, as the investigation remains ongoing. This incident follows a similar near-miss that occurred in September 2025, when an Uzbekistan Airways passenger jet narrowly avoided a collision with a private business aircraft in Russian airspace near Serpukhov, south of Moscow.  That event took place shortly after midnight on September 29, during descent into Vnukovo airport. It involved an Uzbekistan Airways Airbus A320 arriving from Samarkand and an Embraer Legacy 650 business jet flying from Bodrum in Turkey. Investigators later attributed the incident to radio miscommunication, which resulted in a breach of the minimum required separation between the two aircraft.

Attacks on Tankers in the Black Sea Raise Risks for Oil Markets and Kazakhstan’s Exports

Recent drone attacks on the Delta Harmony and Matilda oil tankers in the Black Sea have added to the growing geopolitical risks facing the global oil market. Both tankers were awaiting loading to transport Kazakh crude via the Caspian Pipeline Consortium (CPC), which operates through the Novorossiysk port in southern Russia. The attacks have placed renewed attention on the exposure of Western energy majors operating in Kazakhstan, particularly Chevron, a key stakeholder in CPC-linked exports. “We are aware of reports of incidents involving vessels inbound to CPC loading facilities, including one Chevron-chartered tanker,” Chevron spokesperson Sally Jones told The Times of Central Asia. “All crew are safe, and the vessel has now reached a safe location. We are coordinating with the ship operator and relevant authorities. The safety of personnel and the protection of the environment remain our top priorities. There has been no impact on TCO operations or exports. Chevron continues to closely monitor the situation, and we refer all further inquiries to CPC.” According to Kazakhstan’s Ministry of Energy, export volumes were unaffected. The fact that attacks occurred near a key export hub has, however, deepened concerns among market participants over the security of regional oil infrastructure. The country's Ministry of Foreign Affairs added in a statement: "We emphasize that the Republic of Kazakhstan is not a party to any armed conflict, makes a significant contribution to strengthening global and European energy security, and ensures uninterrupted energy supplies in full compliance with established international standards." Reuters, citing unnamed sources, reported that up to three vessels may have been struck, suggesting a broader and potentially escalating threat to maritime safety in the area. The latest incidents follow a series of security-related disruptions in and around the Black Sea and Caspian regions that The Times of Central Asia has previously reported on, including attacks on energy and transport infrastructure linked to regional export routes. While earlier incidents did not result in prolonged outages, they have steadily heightened concerns among industry participants over the vulnerability of critical energy corridors. The CPC is a vital artery for Kazakhstan’s oil industry. More than 80% of the country’s crude exports, including output from major fields like Tengiz and Karachaganak, flow through this route. Disruptions in the Novorossiysk area could quickly affect shipping timetables, freight and insurance rates, and, ultimately, global oil prices. Some analysts warn that these repeated incidents near the CPC expose Kazakhstan’s strategic vulnerabilities, forcing markets to price in a “geopolitical premium.” More significantly, interruptions in oil product flows could have domestic political consequences, potentially prompting a reconfiguration of Kazakhstan’s political timetable. “The situation involving the CPC, the Orenburg Gas Processing Plant, and reported attempted attacks on the Central Asia-Center gas pipeline, used to transport Russian gas through Kazakhstan, could significantly destabilize the country’s economy,” wrote oil and gas analyst Olzhas Baidildinov on his personal Telegram channel. He added that, in his view, it could become politically rational either to accelerate elections in anticipation of further instability or to delay them until...

Kazakhstan Warns of Severe Water Shortages as Syr Darya Levels Drop

Kazakhstan’s Minister of Water Resources and Irrigation, Nurzhan Nurzhigitov, gave a sober warning to the country on January 13 that this year there could be significantly less water for agriculture in the southern parts of the country. Nurzhigitov said that as of January 12, there was 1.9 billion cubic meters (bcm) less water in the reservoirs of southern Kazakhstan than on that date in 2025. The Importance of the Syr-Darya These areas are part of the Syr Darya Basin. The Syr Darya is one of Central Asia’s two large rivers, the other being the Amu Darya to the south, which runs along the Central Asia-Afghan border. Equally alarming for Kazakhstan, Nurzhigitov noted that in the mountains of upstream neighboring countries, Kyrgyzstan and Tajikistan, where the Syr Darya originates, officials are also reporting low levels in reservoirs. According to the Kazakh Ministry of Water Resources and Irrigation, the reservoirs in those two countries are a combined 3.2 bcm lower than last year at this time. Kyrgyzstan’s Energy Minister Taalaybek Ibrayev said in November 2025 that the water level in the massive Toktogul reservoir was less than 11 bcm, nearly 2 bcm lower than in November 2024, and only at about 60% of its 19.5 bcm capacity. Water from the reservoir is released into the Naryn River, which eventually merges with the Syr Darya in Uzbekistan, and flows on further into Kazakhstan. The Toktogul hydropower plant (HPP) depends on that water to supply some 40% of Kyrgyzstan’s domestically-produced electricity, and Ibrayev called on Kyrgyzstan’s citizens to conserve electricity and help the water in Toktogul accumulate before the 2026 agriculture season. Tajikistan’s state power company, Barqi Tojik, also called in November for the country’s citizens to save electricity as the water level at the Nurek HPP’s reservoir was low. The Nurek reservoir uses water from the Vakhsh River that does not flow into the Syr Darya, but the water shortage problems at Nurek are similar throughout Tajikistan, including tributaries that do flow into the Syr Darya. Conservation and New Wells In Kazakhstan, Nurzhigitov said inspections and repairs of irrigation canals were currently underway. He also mentioned that in December, Deputy Prime Minister Kanat Bozumbayev had ordered officials in the Kyzylorda, Turkestan, and Zhambyl provinces to hold meetings with farmers and herders to discuss water conservation. There were also talks with farmers about planting crops that required less water. Water limits would be announced in February, Nurzhigitov said, and in March the Agriculture Ministry would decide how much land to sow for this year’s crops based on expected water supplies during the spring-summer period. Nurzhigitov added that work was being done to increase the use of underground water, which he claimed could amount to some 15.7 bcm of extra water for Kazakhstan annually. Currently, Nurzhigitov said, only some 7-10% of this underground water is being used. Bleak Forecast Kazakhstan gathered a record harvest in 2025, some 27.1 million tons of grain, despite planting less wheat. Given the reduction in precipitation in Central Asia in...

Kazakhstan Elevates U.S. Ties to Presidential-Level

Kazakhstan’s relationship with the United States is entering a more explicitly strategic phase under Kassym-Jomart Tokayev, marked by a shift in how Astana manages its most consequential external partnerships. As economic ties deepen and geopolitical coordination expands across energy, investment, and Eurasian connectivity, engagement with Washington is increasingly being treated as a presidential priority rather than a routine diplomatic file. In this context, Kazakhstan has formally elevated its engagement with the United States by appointing a presidential representative to steer bilateral negotiations on priority issues. By presidential decree, Ambassador Yerzhan Kazykhan—Kazakhstan’s Permanent Representative to the United Nations Office in Geneva and a veteran diplomat with prior postings as ambassador to the United States and the United Kingdom—has been designated as the President’s Representative for negotiations with Washington. The appointment places key aspects of the U.S. relationship under direct presidential oversight from the Akorda, the presidential office. Kazykhan has previously served as foreign minister and assistant to the president, and has held senior roles within both the Foreign Ministry and the presidential administration. His experience in Washington and in multilateral settings provides institutional continuity as the bilateral agenda broadens to encompass investment, energy security, and regional connectivity, while day-to-day execution remains within established diplomatic channels. Drivers Behind the Elevation of U.S.–Kazakhstan Engagement The decision reflects how rapidly the scope of U.S.–Kazakhstan engagement has expanded and how Kazakhstan is positioning itself as a major investment and strategic connectivity hub. The United States is Kazakhstan’s largest source of foreign direct investment, with hundreds of American companies operating across the economy. Chevron, Kazakhstan’s single largest foreign investor, has invested more than $50 billion over time, anchoring long-term U.S. corporate presence in the country’s energy sector. This investment relationship gained further momentum in 2025. At the C5+1 leaders’ summit in Washington, Kazakhstan and U.S. partners announced nearly $17 billion in new commercial agreements and investment commitments across energy, transport, and industrial cooperation. The package was publicly highlighted by U.S. Commerce Secretary Howard Lutnick, underscoring senior-level U.S. political backing for deeper economic engagement with Kazakhstan. Beyond investment, the bilateral agenda has expanded into strategic and geopolitical domains. Kazakhstan’s decision to join the Abraham Accords marked a notable political alignment with a U.S.-led diplomatic initiative, extending the framework’s reach beyond its original Middle Eastern focus. Connectivity has become central to U.S. policy thinking. The Middle Corridor is increasingly viewed as an eastward extension of the post-Azerbaijan–Armenia Caucasus transit framework, also called the ‘Trump Route for International Peace and Prosperity’, aimed at reopening and securing east–west routes across the South Caucasus. Extending it through Kazakhstan links Central Asia to Europe while reducing reliance on Russia or Iran. Trade and energy ties reinforce this trajectory. Kazakhstan is the world’s largest uranium producer and a major supplier to the United States, making the U.S. one of its most important export markets for nuclear fuel. As U.S. policy places greater emphasis on secure and diversified supply chains, Kazakhstan’s role in critical energy inputs and transit infrastructure has taken on added strategic...

From Tehran to Tashkent: How Iran’s Crisis and U.S. Tariffs Reverberate Across Central Asia

At the end of 2025, Iran once again emerged as a flashpoint on the global political map. Mass protests erupted across the country, fueled by spiraling inflation and economic hardship. At present, the Iranian rial has plummeted to the point where it is effectively worth less than the paper it's printed on. The current wave of unrest, already the largest and deadliest nationwide unrest Iran has seen since 2022, is not occurring in isolation. U.S. President Donald Trump has renewed what his administration describes as a policy of “maximum pressure” on Tehran, and his administration is now pursuing what observers have characterized as a strategy of “pushing the falling,” a move aimed at reshaping the political order of the Middle East. What might this mean for neighboring Central Asia? Tajik political analyst Muhammad Shamsuddinov argues the crisis must be viewed within a broader geopolitical context. “The situation in Iran is directly tied to Trump’s second-term pressure campaign,” Shamsuddinov said, referencing a string of destabilizing events. “These include the 12-day U.S.-Israel war against Iran and the reimposition of U.N. sanctions in September 2025," he added, referring to the 12-day June 2025 conflict between Israel and Iran, during which U.S. forces also struck Iranian nuclear facilities. "All of these have deepened the domestic crisis in Iran.” In a further escalation, on January 12, Trump announced 25% tariffs on countries conducting trade with Iran. The move appears targeted primarily at Russia, China, and India - Iran’s largest international partners, but also has implications for Central Asian economies. In the first nine months of 2025, trade between Kazakhstan and Iran grew by nearly 45%, reaching $310.8 million. Tajikistan, which maintains the closest economic ties to Tehran among Central Asian states, reported trade worth $430.7 million in the first eleven months of 2025, an increase of 28% over the same period in 2024. Uzbekistan, while less directly exposed to Iran than Kazakhstan or Tajikistan, has also moved cautiously in recent years to expand trade links with Tehran, making it sensitive to further sanctions pressure. Turkmenistan, meanwhile, faces its own exposure through gas swap arrangements involving Iran, which could become collateral damage of escalating regional tensions. Iranian investments in Tajikistan are also substantial. Among the most prominent projects is the Sangtuda-2 hydroelectric power plant, estimated at $256 million. The Iranian government contributed approximately $180 million, with an additional $36 million from an Iranian contractor. The remainder was financed by Tajikistan. According to official data, roughly 160 companies with Iranian capital are currently operating in Tajikistan across multiple sectors. In Kazakhstan, around 650 Iranian companies are registered, with over 350 operational, primarily in manufacturing, infrastructure, and agriculture. By contrast, trade between Iran and Russia, a strategic partner since the signing of a bilateral cooperation agreement in January 2025, increased by only 8% in the first nine months of 2025, according to official figures. Despite modest growth, Russian analysts view the figures optimistically. “Growth is happening under challenging geopolitical conditions, with sanctions, logistical restructuring, and financial hurdles,” said...