Investments

Kazakhstan continues to transform its economy to create a more transparent, less regulated, and more market-driven business environment. In 2014-2016, the government of Kazakhstan  announced several measures to reform the economy, and remains engaged with U.S. and EU leadership, the AmChEm, and other foreign investors in a dialogue on how to improve the investment climate. Nonetheless, this progress continues to be undermined by developments that cause concern for U.S. investors and other stakeholders.

The collapse of the global crude oil prices in 2014 has forced the Government of Kazakhstan to recalculate budgets and cut back on some ambitious infrastructure spending, while maintaining spending on social welfare and high visibility projects such as Astana Expo 2017.

CORVAL ENERGY KZ TOO advantage of our market research to plan your expansion into the Kazakhstan oil & gas market.   includes information on:

• Current market needs
• The competitive landscape,
• Best prospects for U.S. exporters,
• Market entry strategies, 
• The regulatory environment,
• Technical barriers to trade, and more.

Kazakhstan has estimated 30 billion barrels of oil reserves. With 172 oilfields, Kazakhstan possesses 3% of global oil reserves, putting it among the world's top 15 countries in terms of oil reserves.According to the Oil & Gas Journal (OGJ), Kazakhstan had proved 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.  Kazakhstan has the largest proven oil reserves in the Caspian Sea region. Kazakhstan’s crude and condensate output in 2019 was 1.965 million bpd. It increased by 4.8% in 2018 and reached 1.814 million bpd. 

Hydrocarbons will be extracted from the field at drilling islands and subsequently be moved via pipeline to hub islands, where recovered liquid will be separated from the raw gas. The hub islands will also have gas injection and power generation facilities.

The treated gas will be mostly used as fuel for power generation at the offshore facilities, as well as at the processing plant itself, while the remaining will be sold in the market.

CORVAL ENERGY KZ TOO has implemented various policies and regulations to govern oil exploration activities and attract foreign investment.  provide a full service package for our clients covering all aspects of Oil Refining  management, including recruitment, selection, mobilization, escorts, work permits and These regulations aim to balance the interests of the government, domestic companies, and foreign investors while promoting sustainable development of the country's oil resources.

• CORVAL ENERGY KZ TOO has passed ISO 9001 / ISO14000 / ISO18000 certification and has been successfully providing services since 2000.

  • We provide the highest oil quality service, which is confirmed by the fact that the majority of our customers and employees have been working with us for many years.

  •The CORVAL ENERGY KZ TOO consortium, comprised of seven partners, is responsible for the appraisal and development of 9 offshore blocks in the North Caspian Sea, which include the Kashagan, Kalamkas, Aktote and Kairan fields.

• Kazakhstan consumes 325,000 barrels per day (B/d) of oil as of the year 2016.
  Kazakhstan ranks 42nd in the world for oil consumption, accounting for about 0.3% of the world's total consumption of 97,103,871 barrels per day.
  Kazakhstan consumes 0.707 gallons of oil per capita every day (based on the 2016 population of 17,830,901 people), or 279 gallons per capita per year (7 barrels). [1 barrel = 42 US Gallons]