Kazakhstan Plans to Drill Up to 200 Exploration Wells by 2028

Summary
Kazakhstan aims to drill up to 200 exploration and appraisal wells by 2028 to expand its resource base amid investment challenges.
Prepared by the newsroom with AI assistance; the original link is always provided
Kazakhstan is preparing to expand exploration drilling over the next three years to strengthen its domestic resource base. Speaking at the KAZDRILLING industry event in Almaty, officials outlined plans to drill up to 200 exploration and appraisal wells across the country by 2028.
The initiative is designed to replenish the national reserve inventory and identify prospective new underground deposits to support long-term extractive output.
However, sector specialists emphasize that drilling is only the initial hurdle. Experts point out that the primary industry challenge will be attracting sufficient investment capital to successfully develop these geological discoveries into commercially viable, high-yield production projects.
Source: The Astana Times
Read the original →Latest news
Bank CenterCredit Repurchases Shares for 18.2B Tenge on KASE
Bank CenterCredit JSC has repurchased 4.1 million of its common shares on the Kazakhstan Stock Exchange for 18.2 billion tenge.
Source: KASE
Home Credit Bank Bonds Added to KASE T+ List
Starting October 8, Home Credit Bank bonds (KZQ000001213, HCBNe1) will be included in the KASE T+ List.
Source: KASE
KASE Publishes Member Activity Rankings for September 2026
Kazakhstan Stock Exchange has released its exchange member activity rankings for September 2026 on its official website.
Source: KASE
KASE Index rises 0.25% to 7,862.81 points
On October 7, the KASE Index climbed by 0.25% to settle at 7,862.81 points.
Source: KASE