Kazakhstan has the largest recoverable crude oil reserves in the Caspian region. The hydrocarbon industry is estimated to account for roughly 50% of the government's revenues. Kazakhstan's proven oil reserves are estimated at 30 billion barrels. Current oil production, approximately 1.7 million barrels/day, is dominated by two giant fields: Tengiz and Karachaganak, which produce about half of Kazakhstan's total output. Proven natural gas reserves are estimated at 1.3 trillion cubic feet (Tcf) (Source: BP Statistical Review of Energy 2014).
Having achieved compliance in October 2013, the National Stakeholder Council is now undertaking a review process with a view to identify new activities for EITI implementation. The consultation process will feed in to a revised workplan. There is considerable interest among stakeholders to decentralise the EITI process and establish regional multi-stakeholder forums, in particular in resource-rich provinces. There may be scope for the inclusion of environmental payments in Kazakhstan's 2014 EITI Report, to be published in late 2015.
The 2012 and 2013 EITI Reports in accordance with the EITI Standard were published in December 2014. The MSG has decided to streamline EITI reporting for extractive companies with other existing reporting mechanisms and create an online EITI data portal.
The 2010 and 2011 EITI Reports were published in December 2013. In August 2014, the NSC contracted SAPA consulting to undertake additional reconciliation work related in particular to dividends. The NSC has published a summary of the updated 2011 EITI Report, available here.
- Work is underway to establish regional EITI resource centres to increase awareness and engagement in the EITI. This might include regional multi-stakeholder groups.
- The EITI Reports include disclosure of social expenditures by companies.
- The EITI Reports inlcude budget classification codes for the revenue streams reported.
- The MSG is piloting online data collection of company data for the 2012 and 2013 EITI reports. The online database can be found here (in Russian only, however it does support searching for English company names).