Kazakhstan’s oil production is on an upward trajectory, with output expected to reach 2.08 million barrels per day (mb/d) by 2025, according to the International Energy Agency (IEA). The latest revision raises the forecast by 0.06 mb/d, signaling sustained growth in the nation’s energy sector.
Kazakhstan’s oil production is on an upward trajectory, with output expected to reach 2.08 million barrels per day (mb/d) by 2025, according to the International Energy Agency (IEA). The latest revision raises the forecast by 0.06 mb/d, signaling sustained growth in the nation’s energy sector.
Quarterly Projections for 2025
The IEA predicts steady growth in Kazakhstan’s oil output throughout 2025:
Q1 2025: 2.02 mb/d
Q2 2025: 2.06 mb/d
Q3 2025: 2.09 mb/d
Performance in 2024 and 2023
For 2024, the country’s oil production is expected to average 1.9 mb/d. However, a slight decline is projected towards the end of the year, from 1.89 mb/d in Q3 to 1.85 mb/d in Q4.
In 2023, Kazakhstan’s average oil output stood at 1.93 mb/d—a 0.11 mb/d increase compared to 2022. Total production for the year reached 90 million tons, reflecting a 6.9% rise year-on-year.
Ambitious Long-Term Goals
Kazakhstan aims to continue boosting production levels in the coming years. By 2025, the target is 97.2 million tons, with an ambitious plan to achieve 104.8 million tons by 2029.
These figures underscore Kazakhstan’s growing role in global energy markets, as the country capitalizes on its vast hydrocarbon resources to meet rising global demand.
Yesil Technology to build a $12M unmanned drone production facility in Kazakhstan, boosting innovation, local expertise, and Central Asia's low-altitude economy.
Kazakhstan achieved record grain exports in December 2024, delivering 101,000 tons to Azerbaijan and boosting shipments across Central Asia.
Snowfall and fog cause flight delays at Almaty Airport, affecting departures and arrivals on January 8. Weather warnings issued nationwide.
Ulba-FA LLP, Central Asia's sole nuclear fuel plant, reaches full capacity, set to supply China with fuel assemblies for 20 years.
Thousands in Belgrade held a silent protest outside RTS, honouring victims of a roof collapse. University students demanded justice for the tragedy, blaming Serbian authorities.
South Korea's impeached president Yoon Suk Yeol appeared in court to contest his detention extension on insurrection charges tied to his martial law declaration.
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
After the U.S. Supreme Court upheld a law that could ban TikTok over national security concerns, President Biden stated the final decision would rest with the next president, Donald Trump, who is reportedly considering a temporary delay of enforcement
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
Coast Guard divers Chuck Fox and Corey Smith from the US Cutter *Polar Star* successfully repaired a leaking shaft in the freezing waters of McMurdo Sound, Antarctica.
Azerbaijan has temporarily halted its contracted natural gas supply to Bulgaria following a technical issue at BP's Alpha platform in the Shah Deniz gas field.
As we welcome the new year, it’s time to focus on species needing urgent conservation in 2025. From delicate lizards to mighty hornbills and massive sharks, all face the threat of extinction.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
Russia and Iran have agreed to intensify cooperation in developing international transport corridors, especially the North-South corridor. The move aims to improve trade flows and create smoother transportation conditions for goods traveling through both countries.
The Houthis, ruling northern Yemen, have claimed responsibility for the seventh drone attack on the US aircraft carrier USS Harry Truman since its arrival in the Red Sea. The group also warned it is monitoring developments in the Gaza Strip.
Kazakh political scientist Dimash Alzhanov claims that the leaked transcripts of alleged conversations between AZAL pilots and Russian ground services are an attempt to exert informational pressure on Kazakhstan and Azerbaijan during the investigation into the December crash
Azerbaijan's commercial gas production saw a growth of over 6%, highlighting a significant boost in the country's energy sector. This increase contributes to strengthening Azerbaijan’s role as a key player in regional and global energy markets
Thousands in Belgrade held a silent protest outside RTS, honouring victims of a roof collapse. University students demanded justice for the tragedy, blaming Serbian authorities.
South Korea's impeached president Yoon Suk Yeol appeared in court to contest his detention extension on insurrection charges tied to his martial law declaration.
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
After the U.S. Supreme Court upheld a law that could ban TikTok over national security concerns, President Biden stated the final decision would rest with the next president, Donald Trump, who is reportedly considering a temporary delay of enforcement
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment