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Kazakhstan to start talks with Tengizchevroil on PSA revisions, energy minister says
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Kazakhstan to start talks with Tengizchevroil on PSA revisions, energy minister says
Jan 29, 2025 4:36 AM

ASTANA, Jan 29 (Reuters) - Kazakhstan plans to hold

preliminary consultations with the country's biggest oil

producer, Chevron ( CVX )-led Tengizchevroil, on revising

production sharing agreements (PSAs), Energy Minister Almasadam

Satkaliyev said on Wednesday.

Speaking at a briefing a day earlier, Satkaliyev had said

that the state might raise its share in oil projects developed

by international energy firms, change operators or renegotiate

contracts.

President Kassym-Jomart Tokayev on Tuesday ordered the

government to step up talks with international oil companies

about an extension of existing PSAs on "better terms".

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