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Kazakhstan to produce 96-98 million tons of oil in 2026, below plan
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Kazakhstan to produce 96-98 million tons of oil in 2026, below plan
Mar 11, 2026 2:53 AM

ASTANA, March 11 (Reuters) - Energy Minister Yerlan

Akkenzhenov said on Wednesday that Kazakhstan's oil and gas

condensate production this year is expected to reach between 96

million and 98 million metric tons, below the planned 100.5

millions tons.

That would equate to up to 2 million barrels per day,

according to Reuters calculations.

Akkenzhenov told reporters at the country's parliament that

the shortfall was due to Ukrainian attacks on the Caspian

Pipeline Consortium, which carries the bulk of Kazakhstan's oil

exports to the Russian port of Novorossiysk, as well as

disruptions at the Tengiz oilfield, the country's largest.

Tengiz was hit by a series of outages earlier this year that

saw production suspended for much of January.

Akkenzhenov said production at Tengiz had been restored, and

now stands at 120,000 tons per day.

Kazakhstan ordinarily accounts for around 2% of world oil

supply, but it has reduced production in recent months.

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