Tuesday, 02 January 2024 12:17 GMT

IEA Predicts Steady Oil Production In Kazakhstan For 2026


(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 22. Kazakhstan's oil production is projected to reach 2.16 million barrels per day (mb/d) in 2026, the International Energy Agency (IEA) told Trend.

As such, the IEA kept its 2026 forecast unchanged from its previous estimate, with output expected at 2.16 mb/d in the first quarter and 2.15 mb/d in both the second and third quarters.

For 2025, the agency anticipates average daily production of 2.15 mb/d, in line with last month's projection. Quarterly output is forecast at 2.2 mb/d in Q3 and 2.09 mb/d in Q4. In 2024, Kazakhstan's average daily oil production stood at 1.88 mb/d.

Meanwhile, Kazakhstan's state oil and gas company KazMunayGas (KMG) produced 19.84 million tons of oil and gas condensate from January to September 2025, marking a 10% increase compared with the same period a year earlier.

MENAFN22112025000187011040ID1110381628



Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search