Kazakhstan to boost oil exports to 70.5 million tons in 2025

Kazakhstan’s Ministry of Energy has announced plans to increase the country’s oil exports from 68.6 million tons in 2024 to 70.5 million tons in 2025. 

The ministry’s press service announced the update, highlighting key factors influencing production and export dynamics, Caliber.Az reports via Kazakh media.

“In 2024, Kazakhstan exported 68.6 million tons of oil. In 2025, it is planned to export 70.5 million tons. The main buyers of Kazakh oil are countries receiving it through the CPC, Atyrau-Samara, and Atasu-Alashankou pipelines, as well as via the port of Aktau,” the ministry stated.

The ministry also noted that Kazakhstan’s total oil production in 2024 stood at 87.7 million tons. The slight shortfall from projected figures was attributed to repair work at the country’s largest oil fields — Tengiz and Kashagan — along with temporary restrictions arising from international agreements.

“In 2025, production is expected to rise to 96.2 million tons, driven primarily by the expansion project at the Tengiz field, which is set to come on stream in the first half of the year. Additionally, ongoing work at Karachaganak and the Caspian shelf will contribute to the increase,” the ministry’s press service explained.

During a government session in the Majilis, Energy Minister Almasadam Satkaliyev revealed new initiatives aimed at sustaining production at mature oil fields supplying the domestic market. According to Satkaliyev, approximately 30% of Kazakhstan’s oil production comes from fields in the late stages of development, where output is gradually declining.

Significant declines in production have been recorded in the Mangistau, Aktobe, and Kyzylorda regions. The minister emphasized that Aktobe and Kyzylorda supply a substantial portion of their oil to the domestic market.

He further warned that, except for the country’s largest fields, oil production at mature fields will continue to decline through 2040.

“To address this issue, we have developed support measures for brownfields, including tax incentives. These measures mandate reinvestment in field development and the introduction of new production technologies. If successfully implemented, they will enable additional production of approximately 40 million tons of oil by 2045,” Satkaliyev stated.

In a separate development, the Ministry of Energy is seeking to recover about 12 billion tenge for violations of contractual obligations related to subsoil use in 2023.

The ministry has also provided further explanations regarding the reasons behind this year’s oil production decline.

By Tamilla Hasanova