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
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
