Chinese Company Sinopec Launches 4.7 Billion Tenge Oil Drilling Project in Mangystau
Photo: Ministry of Energy
Sinopec has begun drilling operations in the Mangystau region, Orda.kz reports, citing the Ministry of Energy.
A 5.5-kilometer-deep exploratory well will be drilled at the Sai-Utes site by Sinopec International Energy Investment Holdings Netherlands B.V., a subsidiary of Sinopec. According to the Ministry, the company spent two years conducting geological surveys before identifying two promising locations for oil wells.
The planned cost of drilling the well is 4.7 billion tenge,the Ministry of Energy confirmed.
Sinopec already has a presence in Mangystau. Alongside fellow Chinese state-owned company CNPC, it co-owns Buzachi Operating Ltd, which extracts oil from the North Buzachi field. In 2023 and 2024, workers at the company raised concerns over labor conditions and reported pressure from management.
In March 2025, reports indicated that KazMunayGas was considering Sinopec as a potential partner for the exploration and development of the Berezovskoye field in the West Kazakhstan region.
Original Author: Igor Ulitin
Latest news
- Kazakhstan Khalkyna Foundation Expands Support for Healthcare, Education and Sports
- Former Massimov Son-in-Law Loses Terminal at Dostyk Station
- Bathing in the Pond and Damaging Trees: Almaty Botanical Garden Tightens Rules After Vandalism
- Kazakhstan Announces Launch of New Political Party Adilet Ahead of Kurultai Elections
- Government Decides Fate of Hundreds of Thousands of Hectares of Former Semipalatinsk Test Site
- Deputies Want Firefighters Given Power to Break Through Barriers and Blocking Cars
- Kazakhstan to Create National Rating Agency
- Less Than 1% of Employees in Kazakhstan Work Remotely
- Air Astana and FlyArystan Fined for Submitting Inaccurate Aviation Fuel Data
- Chinese Tourist Arrivals in Kazakhstan Rose Sharply in 2025, Analysts Say
- New Tax Code Has Not Slowed Business Growth in Kazakhstan, MNE Says
- Kazakhstan Plans Sharp Increase in Minimum Wage
- Tax Authorities to Start Checking Mobile Transfers in Kazakhstan From April 15
- After Outcry Over Altyn-Emel, Stretch of Highway Cleared of Garbage
- Ministry of Finance to Withdraw Idle Funds From Accounts of State Companies
- Illegal Resource Extraction Stopped in Taldykorgan
- Fewer Apartments Are Being Bought in Astana as Market Slump Enters Third Month
- Government Criticizes Idea of Dog Tax in Kazakhstan
- Kazakhstan Records Lowest Neonatal Mortality Rate in Central Asia
- Kazakhstan Imposes Six-Month Ban on Cattle and Small Livinestock Exports
