100 Exploration Sites to Be Auctioned Under New Investor Rule
Photo: kmg
Kazakhstan will auction 100 subsoil sites for geological exploration under simplified rules. The government says these are underexplored sedimentary basins where investors face higher geological risks, Orda.kz reports.
The first auction has already been announced. It will include 40 sites and is scheduled for July 28, 2026.
Deputy Energy Minister Yerlan Akbarov announced the plans at a briefing at the Central Communications Service. According to him, amendments to the Code on Subsoil and Subsoil Use were adopted at the end of 2025 to simplify conditions for investors in geological exploration.
The main change is a special legal regime for underexplored sedimentary basins. These are areas with higher geological risks, where an investor may spend money on exploration and still fail to find a commercially viable field.
For such sites, the state is introducing a simplified procedure for obtaining subsoil use rights.
This will create more favorable conditions for investors and attract private investment in geological exploration. This year, 100 sites are planned to be put up for auction for subsoil use rights. As part of this work, the first auction for 40 subsoil sites has already been announced. It is scheduled for July 28,Akbarov said.
The Energy Ministry expects the auctions to help increase geological exploration, discover new deposits and replenish the country’s mineral resource base.
Original author: Alexander Zhdanov
Read also:
- Is The Era Of Easy Extraction Over? Resource Development Is Being Rebuilt In Kazakhstan
- KMG Launches Two Oil Exploration Projects in Kyzylorda Region
- Kazakhstan Plans Radioactive Waste Center, But Still Has No Site
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
