BAKU, Azerbaijan, November 26. Kazakhstan’s oil
production is projected to reach 2.08 mb/d in 2025, Trend reports.
The International Energy Agency (IEA) has revised its forecast
for Kazakhstan’s oil output, raising it by 0.06 mb/d. Based on the
latest figures, production is expected to average 2.02 mb/d in the
first quarter of 2025, increase to 2.06 mb/d in the second quarter,
and reach 2.09 mb/d in the third quarter.
For 2024, Kazakhstan’s oil output is anticipated to average 1.9
mb/d, with production estimated at 1.89 mb/d in the third quarter,
followed by a dip to 1.85 mb/d in the fourth quarter.
The IEA also noted that Kazakhstan’s average oil production in
2023 stood at 1.93 mb/d, a year-on-year increase of 0.11 mb/d.
In 2023, the country’s total output reached 90 million tons,
reflecting a 6.9 percent rise from 2022. By 2025, Kazakhstan aims
to produce 97.2 million tons, with plans to further boost
production to 104.8 million tons by 2029.
