Kazakhstan oil output rose 12% in 1H 2025 to 49.9m tons

Kazakhstan oil output rose 12% in 1H 2025 to 49.9m tons

Kazakhstan's oil production in the first half of 2025 reached 49.9 million metric tons, a 12% increase from the same period in 2024, according to the country's energy minister [1]. This significant growth in output underscores Kazakhstan's robust oil sector and its impact on global energy markets.

The Energy Minister, Erlan Akkenzhenov, announced that Kazakhstan plans to maintain its current oil output levels until the end of 2025. This decision comes amidst persistent overproduction by Kazakhstan, which has exceeded quotas set by OPEC+ [2]. The overproduction has led to tensions within the OPEC+ group, with some members expressing frustration at the faster-than-expected output increases from the alliance.

An industry source, speaking anonymously due to the sensitivity of the issue, revealed that Kazakhstan's daily crude oil output (excluding gas condensate) jumped by 7.5% in June compared to May, reaching 1.88 million barrels [2]. This surge in production is part of Kazakhstan's strategy to secure market share and exert pressure on other producers by driving down international oil prices.

Despite the growing tensions, Kazakhstan's oil production remains a critical factor in global energy dynamics. The country's ability to maintain and potentially increase its output will continue to influence oil prices and market stability. Investors and financial professionals should closely monitor these developments as they may have significant implications for the global energy market.

References:
[1] https://www.marketscreener.com/quote/index/S-P-GSCI-PETROLEUM-INDEX-46869201/news/Kazakhstan-oil-output-totalled-49-9-million-metric-tons-in-H1-energy-minister-says-50506676/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3T60GA:0-kazakhstan-plans-to-keep-oil-output-steady-until-year-end-ifx-reports/