KazMunayGas announced that it is still in negotiations with Lukoil regarding Kazakh assets, focusing specifically on Lukoil’s upstream projects in the oil-rich regions of western Kazakhstan. This comes as Kazakhstan prioritizes its national firms, like KazMunayGas, in the management of strategic foreign assets amid ongoing energy sector reforms, highlighting the country’s goal to strengthen its position in energy dealings. Additionally, these talks occur within a broader geopolitical context marked by evolving energy partnerships between Russia and Kazakhstan.
KazMunayGas still in talks with Lukoil over Kazakh assets
