To date, about 85% of the companies have transferred to the electronic form, the remaining 15% of medium and small companies are still at the transition phase.Distribution or reproduction of any site materials is allowed only when link to www.investkz.com is added. In 2011, following the results of geological exploration operations, the reserves of the six hydrocarbon oilfields – Shalva, Shoba, Akkar East, West Tuzkol, Maykyz and Zharkuon, were for the first time included into the state balance sheets.The probable reserves reach 17 billion tons of crude oil and over 146 trillion mAs of January 1, 2012, 141 companies engaged in mineral production of hydrocarbons at 243 sites. North Caspian Operating Company’s (NCOC’s) share in the reserves is 44%, Tengizchevroil’s 25%, Mangistaumunaigas’s 3%, CNPC-Aktobe’s 3%, Ozenmunaigas’s 3%, Karachaganak Petroleum Operating BV’s 3%, the Operating Company Buzachi Operating Ltd’s and Embamunaigas’s 2% each, Tethys Aral Gas’s, Kazakhmys Petroleum’s, Kazakhoil Aktobe’s, Karazhanbasmunai’s, PetroKazakhstan Kumkol Resources’s, and KazGermunai’s 1% each. Severe oil market fluctuations like these are why certain fossil fuel-dependent countries are hedging bets, and accelerating their push to diversify away from hydrocarbon-based economies towards renewable energy generation. Still developing transportation infrastructure stands in the way of moving large items, e.g. Along with that, it was decided to apply the agreed mechanism to allow the Kazakh side to increase control over the amount of costs, incurred in the course of implementation of major investment projects at this field. Kazakhstan sits near the northeast portion of Caspian Sea and claims most of the Sea’s biggest known oil fields. *Each nation is assessed on individual and collective values processed through an in-house formula to generate a 'PwrIndx' score. Of 243 sites that are currently under mineral production, the meeting of financial obligations by more than 100% was recorded at only 140 sites (57.6% of all the number of the sites and 76.3% of the total amount of the financial obligations).
At the moment, the on-balance mineral reserves of Kazakhstan account for recoverable reserves at 4.8 billion tons (267 oilfields) for crude oil, 1.6 trillion m 3 (237 sites) for free gas and gas cap, 1.4 trillion m 3 for dissolved gas and 441 million tons for gas condensate (62 deposits).
The aggregate increase in the reserves in 2000–2011 amounted to 1,860.2 million tons of crude, 118.7 billion m 3 of gas, and 25.6 million tons of gas condensate. According to the Oil & Gas Journal, Kazakhstan has proven crude oil reserves of 30 billion barrels as of January 2018–the 2nd–largest endowment in Eurasia after Russia, and the 12–largest in the world, just behind the United States. Exploration carried out at 62 sites, production at 80 sites, and combined exploration and production at 101 sites.It is worth noting that the greater part of the oil reserves (including the Ñcategory) is concentrated at the sites that are under development by large mineral producers. The first steps to reduce its hydrocarbon dependency date back to 2009, when Kazakhstan adopted a Energy Expo 2017, the location of the Green Energy Research Center in Nursultan, the capital.2016 – 2017 was a wakeup call for Kazakhstan, as record low oil prices led to an economic slow-down posting just Thus far, the vast portion of Kazakhstan’s green energy projects are financed by the European Bank for Reconstruction and Development (EBRD) which holds an almost $Kazakhstan solar energy map Kilowatt hour per square meterWhile it is unclear whether Kazakhstan will achieve its short-term goal of 3% renewable energy share by 2020, it definitely has the potential to go green in the long run.

North Caspian Operating Company’s (NCOC’s) share in the reserves is 44%, Tengizchevroil’s 25%, Mangistaumunaigas’s 3%, CNPC-Aktobe’s 3%, Ozenmunaigas’s 3%, Karachaganak Petroleum Operating BV’s 3%, the Operating Company Buzachi Operating Ltd’s and Embamunaigas’s 2% each, Tethys Aral Gas’s, Kazakhmys Petroleum’s, Kazakhoil Aktobe’s, Karazhanbasmunai’s, PetroKazakhstan Kumkol Resources’s, and KazGermunai’s 1% each. In addition, 23.6 billion tenge were allocated for training of Kazakhstani specialists, 4.3 billion tenge for operation of underground facilities, and 9.8 billion tenge for monitoring of pollution of subsoil.

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