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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Iran will continue to enrich uranium regardless of whether a new nuclear agreement is reached with the United States, Iranian Foreign Minister Abbas Araghchi said on Monday in a statement on social media platform X.
Finland has been selected as one of the countries implementing European Union measures to supply Ukraine with defence materials, using funds from frozen Russian assets.
Estonian Defense Minister Hanno Pevkur warns that Russia will likely shift its forces after the Ukraine war, posing a greater threat to NATO. He emphasizes Estonia's strong preparedness, including increased defense spending and rapid mobilization.
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