Business

Kazakhstan Targets Major Oil Find with 20 Billion Ton Potential

By Ayana Birbayeva  on 18 April 2026

ALMATY – Kazakhstan’s national oil and gas company KazMunayGas (KMG) is advancing exploration of a major hydrocarbon prospect on the Zhylyoi carbonate platform, with potential resources comparable to the giant Kashagan oil field. The project, still at an early stage, could hold up to 20 billion tons of oil...