oil fields

Kazakhstan

2026-09-29 15:31:54

Kazakhstan drafts rules for mining with flared gas from oil fields, with up to 60 sites involved

Kazakhstan is drafting rules that would allow cryptocurrency mining powered by natural gas currently being flared at oil fields, according to a post by Bitcoin News on X. The move is being prepared under a decree from President Kassym-Jomart Tokayev. The country had previously auctioned off grid electricity and moved most of the mining industry away from its aging power grid. Daniyar Mubarakov of the Blockchain and Digital Mining Association told Euronews that the gas in question could generate 1.2 to 1.3 terawatt-hours of electricity. Data from Kazakhstan’s Energy Ministry shows that as many as 60 oil fields may have flared gas available for this use. The report points to a possible new power source for mining operations without adding new facts beyond the disclosed policy work, energy estimate, and field count.

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Trump adminis

2026-08-27 17:19:50

Axios: Trump administration in talks with Venezuela interim government over oil field stakes

According to Axios, the Trump administration is in talks with Venezuela’s interim government to obtain ownership interests in part of the country’s oil fields, covering more than a dozen producing fields. In exchange, private companies, including U.S. firms, would take part in developing the fields to raise output and bring in more oil revenue for Venezuela. The talks are being led by U.S. Secretary of State Rubio and Venezuela’s acting president Delcy Rodríguez. The report outlines a proposed exchange centered on oil asset interests and field development, with both ownership and production increases forming the core of the discussions.

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