Kazakhstan is an independent nation with a population of about 15 million.  It has democratically elected President and government and has been independent from the Soviet Union for 15 years.

Kazakhstan is a vast area of land sharing its longest borders with China and Russia.  It also borders the Caspian Sea. It is one of the world’s largest oil & gas provinces with oil production of over 1 million bpd and with plans to significantly increase this figure.

In 2002 Kazakhstan was moved to investment grade status by Moody’s. Upgraded to BBB – stable – by the leading three agencies in 2004.

The oil & gas legislative framework is well developed, and the country has substantial oil & gas infrastructure, with major international oil and gas companies carrying out operations there for many years. Most oil & gas investors operate under a tax / royalty system.


Typical Kazakh “Yurt”


Camel near Tethy’s assets and the Bukahara - Urals gas system.








Kazakhstan has over 1,100 oil & gas Joint Ventures with some of the world’s largest fields and with the world’s largest oil and gas companies involved in their developments.

In addition smaller companies have been successful in the development of these resources.

Kazakhstan also has sizeable proven natural gas reserves, comparable to Canada and Kuwait. It has current gas reserves of 2 trillion cubic meters with projected gas reserves of 5 trillion cubic meters by 2015.

Current oil reserves are 35 Billion barrels (twice that of the North Sea) and projected oil reserves of 100-110 billion barrels by 2015 would place it among the top five producing countries in the world.

Major oil and gas pipelines include The Caspian Pipeline Consortium, Tengiz-Novorossiisk, Kenyak-Atyrau, Uzen-Atyrau-Samara, the Asia – Centre gas system and the Bukahara-Urals gas system.