This marks a decrease of 73,000 b/d from December 2024, when output was recorded at 1.46 mb/d. However, it reflects a slight increase of 50,000 b/d compared to November’s production of 1.48 mb/d.
Kazakhstan’s average daily crude output in the first quarter of 2024 stood at 1.614 mb/d, before declining to 1.55 mb/d in the second and third quarters. Production fell further in the fourth quarter, reaching 1.42 mb/d.
Meanwhile, Kazakhstan’s Minister of Energy, Almassadam Satkaliyev, announced that the country plans to lower its oil production in 2025 to 96.2 million tons, revising down its earlier projection of 97.2 million tons.
