Kazakhstan has reported a sharp fall in oil production, with both output and exports declining in the first quarter of the year, according to government officials. The drop is now affecting the structure of economic growth, even as the country records 3% GDP growth.
The issue was discussed at a government meeting and presented by First Vice Minister of National Economy Azamat Amrin.
Amrin said Kazakhstan’s real GDP growth reached 3% in the first quarter. At the same time, he noted that the contribution of the oil sector to the economy has halved. He added that growth this year will be sustained without a positive contribution from the oil industry. In January to March, output in the mining sector fell by 11.4%, driven by a 19.8% decline in oil production and a 15.1% decrease in natural gas production.
Export figures have also weakened. In the first three months of the year, Kazakhstan exported 15.3 million tonnes of oil, which is 78.5% of the volume recorded in the same period in 2025. The annual export forecast remains at 76 million tonnes.
Energy Minister Yerlan Akkenzhenov said the decline is linked to conditions affecting key infrastructure and production sites, including the Caspian Pipeline Consortium system, the Tengiz field and other major upstream assets.
Around 80% of Kazakhstan’s oil exports pass through the CPC system, a pipeline network of about 1,500 kilometres running from western oil fields to the Black Sea, where crude is shipped to global markets.
Analysts note that the downturn has been shaped since autumn 2025 by a combination of technological and infrastructure factors, including maintenance works and restrictions at key oil production and transport facilities.
They estimate that since November 2025, Kazakhstan may have lost more than $2 billion in revenue due to disruptions in oil flows, lower export volumes and operational constraints in the system.
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the Uni...
Three people, including a security guard, have been killed in a shooting at the Islamic Centre of San Diego, authorities confirmed on Tuesday. Poli...
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the of...
At least four people have been killed in protests across Kenya over sharp fuel price rises, as a nationwide transport strike brought parts of the c...
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to secu...
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to security officials and government sources familiar with the arrangement.
Global leaders gathered in Baku this week for the 13th session of the World Urban Forum, where heads of state and senior officials warned that rapid urban growth is placing increasing pressure on housing, infrastructure and climate resilience.
The thirteenth session of the World Urban Forum (WUF13) has opened in Baku, bringing together governments, international organisations, city leaders and civil society to address mounting global urban challenges.
Kazakhstan, Uzbekistan and Tajikistan are negotiating summer water allocations as rising temperatures, agricultural demand and pressure on shared rivers intensify water security concerns across Central Asia.
Bulgaria has won the Eurovision Song Contest for the first time, taking victory in a final overshadowed by a boycott over Israel’s participation and the war in Gaza.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the official opening press conference, the WUF13 Urban Expo opening and a ministerial dialogue on the Nairobi Declaration to advance Africa's urban agenda.
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, allowing negotiations to continue over a possible deal to end the conflict.
U.S. President Donald Trump says China's Xi Jinping agreed Iran must reopen the Strait of Hormuz, as Tehran prepares a new shipping mechanism. Tensions over the U.S. blockade and stalled nuclear talks continue to disrupt global oil supplies.
A 5.2 magnitude earthquake struck China’s Guangxi region early on Monday, killing two people and forcing more than 7,000 residents in Liuzhou to evacuate as rescue efforts continued.
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to security officials and government sources familiar with the arrangement.
Uzbekistan has reported new fraud cases linked to employment in South Korea as investigators continue examining a wider migration corruption scheme estimated to have caused up to $90 million in losses.
When 36 nations signed up to prosecute Russia over its invasion of Ukraine, Georgia - a country partly occupied by Russia - declined to join. Tbilisi blamed strained relations with the EU. Critics blamed the government itself.
Kazakhstan, Uzbekistan and Tajikistan are negotiating summer water allocations as rising temperatures, agricultural demand and pressure on shared rivers intensify water security concerns across Central Asia.
A new documentary by AnewZ Investigations titled 'Target Yerevan' is set to premiere in Baku soon, examining allegations surrounding former International Criminal Court (ICC) prosecutor Luis Moreno Ocampo, Armenian lobbying networks, and wider political influence campaigns.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment