Kazakhstan has revised its oil production forecast for 2025, the Ministry of Energy of Kazakhstan reported. According to the plan, oil production for this year is 96.2 million tons, said the Ministry. Earlier, the Ministry of National Economy had stated that the oil production target for 2025 was 97.2 million tons.
In 2024, Kazakhstan revised its oil production forecast several times. Initially, the country planned to produce 90.3 million tons of oil, but the Ministry of Energy later updated the figure to 88.4 million tons. By the end of the year, the new forecast was set at 87.8 million tons.
The reasons for not meeting the previous targets include maintenance shutdowns at the “Tengiz” field in May and August lasting a total of 50 days, a 21-day shutdown at the “Kashagan” field, unscheduled shutdowns at the “Karachaganak” field, gas intake restrictions at the Orenburg gas processing plant, maintenance at the CPC pipeline, and the need to fulfill commitments under the OPEC+ agreement.
Energy
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We are already negotiating with a number of other European countries located near those who are already receiving our gas. I think this will be possible in the coming years, the President of Azerbaijan, Ilham Aliyev, stated in an interview with local television channels on January 7.
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The main indicator for us is the development of the non-oil sector, because recently we have faced a decline in oil production, the President of Azerbaijan, Ilham Aliyev, stated in an interview with local television channels on January 7.
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The State Oil Company of Azerbaijan (SOCAR), which had been operating at a loss for a long time and was constantly reliant on the state budget, is now operating profitably, the President of Azerbaijan, Ilham Aliyev, said in an interview with local television channels on January 7.
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The President of Azerbaijan, Ilham Aliyev, announced that in 2025, the country hopes to receive the first gas under the "deep" gas project (gas extraction from deeper layers) from the Azeri-Chirag-Gunashli (ACG) field. This year, we hope to receive the first gas as part of the "deep" gas project at the Azeri-Chirag-Gunashli field. This will be a significant contribution to overall gas production, said Aliyev in an interview with local television channels.
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