Downstream Central Asia and Caspian

In response to an escalating energy crisis and growing supply concerns driven by ongoing Middle East conflicts, the Indian government has approved a 3.92-billion-USD financial scheme to boost domestic coal gasification projects.

National company QazaqGaz has successfully issued $700 million in Eurobonds on the Astana International Financial Centre (AIFC) Exchange, according to Tizgin.kz. The 10-year notes carry an annual coupon rate of 5.625%.

The Shymkent oil refinery has successfully completed its scheduled preventive maintenance, returning to full operation three days ahead of the deadline approved by the Ministry of Energy. Primary processing units resumed work on April 22, followed by deep processing units on May 2. The extensive overhaul involved over 2,000 specialists who inspected hundreds of pipelines and key units to ensure long-term safety and efficiency.

At RES 2026, KazMunayGas, KBR, and KazFoodProducts signed a tripartite agreement to develop a Sustainable Aviation Fuel (SAF) plant in Kazakhstan. Utilizing KBR’s PureSAF™ technology, the project aims to convert domestic agricultural feedstock into low-carbon jet fuel, with technical design (PDP) slated for completion by early 2027.

For the first time, the Downstream Central Asia and Caspian Summit will be co-located with the inaugural Go Net Zero Energy Summit on 8 September at the same venue, bringing together downstream stakeholders from across the Caspian and Central Asia regions under one roof.