Table of Contents
Executive Summary — 7 SWOT
Analysis — 9 Kazakhstan Political
SWOT — 9 Kazakhstan Economic SWOT — 10
Kazakhstan Energy Market Overview — 11 Regional Energy
Market Overview — 16 Oil Supply &
Demand — 16 Table: Central/Eastern Europe Oil Consumption
(000b/d) — 17 Table: Central/Eastern Europe Oil Production
(000b/d) — 18 Oil: Downstream — 19
Table: Central/Eastern Europe Oil Refining Capacity
(000b/d) — 19 Gas Supply & Demand — 20
Table: Central/Eastern Europe Gas Consumption (bcm) — 20
Table: Central/Eastern Europe Gas Production (bcm) — 21
Liquefied Natural Gas — 22 Table: Central/Eastern Europe
LNG Exports/(Imports) (bcm) — 22 Business Environment
Ranking — 23 Central/Eastern Europe
Region — 23 Composite Scores — 23
Table: Regional Upstream Business Environment Rating — 24
Table: Regional Downstream Business Environment
Rating — 25 Upstream Scores — 25
Downstream Scores — 26 Kazakhstan Upstream Rating –
Overview — 26 Kazakhstan Upstream Rating – Potential
Returns — 26 Kazakhstan Upstream Rating – Risks To
Potential Returns — 26 Kazakhstan Downstream Rating
– Overview — 27 Kazakhstan Downstream Rating –
Potential Returns — 27 Kazakhstan Downstream Rating
– Risks To Potential Returns — 27 Risk
Summary — 28 Political — 28
Economic — 28 Business
Environment — 28 Industry Forecast
Scenario — 29 Oil and Gas
Reserves — 29 Oil Supply and
Demand — 29 Gas Supply and Demand — 30
Refining and Oil Products Trade — 31 Revenues/Import
Costs — 31 Table: Kazakhstan Oil & Gas – Historical
Data & Forecasts — 32 Other
Energy — 33 Table: Kazakhstan Other Energy –
Historical Data & Forecasts — 34 Key Risks To BMI’s
Forecast Scenario — 34 Long-Term Oil & Gas
Outlook — 34 Macroeconomic
Outlook — 35 Table: Kazakhstan – Economic Activity,
2006 – 2013 — 37 Competitive
Landscape — 38 Executive Summary — 38
Table: Key Players – Kazakhstan Oil & Gas
sector — 39 Overview/State Role — 39
Table: Key Upstream Players — 44 Table: Key Downstream
Players — 44 Company Monitor — 45
KazMunaiGaz (KMG) — 45 Chevron — 50
Eni Kazakhstan — 53 BG Kazakhstan — 56
ExxonMobil Kazakhstan — 59 Shell
Kazakhstan — 61 Lukoil Kazakhstan — 63
PetroKazakhstan — 66 China National Petroleum Corporation
(CNPC) – Summary — 69 Korea National Oil Corporation
(KNOC) – Summary — 70 ConocoPhillips –
Summary — 70 BP – Summary — 71
Total – Summary — 71 Rosneft –
Summary — 72 Tethys Petroleum –
Summary — 72 Roxi Petroleum –
Summary — 72 MangistauMunaiGaz –
Summary — 73 Zhaikmunai –
Summary — 74 Oil and Natural Gas Corporation (ONGC)
– Summary — 74 Others –
Summary — 75 Glossary of Terms — 76
Oil & Gas Ratings: Revised Methodology — 77
Introduction — 77 Ratings
Overview — 77 Table: BMI Oil & Gas Business Environment
Ratings: Structure — 78
Indicators — 79 Table: BMI Oil & Gas Business Environment
Upstream Ratings: Methodology — 79 Table: BMI Oil & Gas
Business Environment Downstream Ratings: Methodology — 80
Oil & Gas Outlook: Long-Term Forecasts — 82 Regional Oil
Demand — 82 Table: CEE Oil Consumption
(000b/d) — 82 Regional Oil Supply — 83
Table: CEE Oil Production (000b/d) — 83 Regional Refining
Capacity — 84 Table: CEE Oil Refining Capacity
(000b/d) — 84 Regional Gas Demand — 85
Table: CEE Gas Consumption (bcm) — 85 Regional Gas
Supply — 86 Table: CEE Gas Production
(bcm) — 86 Kazakhstan Country
Overview — 86 Methodology & Risks To
Forecasts — 87 BMI Forecast
Modelling — 88 How we generate our industry
forecasts — 88 Energy Industry — 89
Cross checks — 89 Sources — 89
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