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.
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The U.S. maintains a broad military presence across the Middle East, reflecting long-standing strategic interests and evolving regional dynamics.
The United States has called on China to use its influence to dissuade Iran from closing the Strait of Hormuz, warning that such a move would trigger severe global economic fallout and risk major escalation following U.S. strikes on Iranian nuclear sites.
NATO member states have reached a consensus on a landmark defence spending target of 5% of GDP by 2035, paving the way for a formal announcement at the alliance’s upcoming summit in The Hague.
Gulf states hosting major U.S. military bases were placed on high alert Sunday after American airstrikes destroyed Iran’s main nuclear sites, raising fears of regional retaliation and a broader conflict that could engulf key energy exporters and destabilise global security.
Senior Russian officials have condemned the United States’ recent military strikes on Iran, warning of a spiralling regional conflict and accusing U.S. President Donald Trump of igniting a "new war" that could backfire by strengthening Iran's leadership.
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