Tengrinews.kz — Oil production has dropped sharply in Kazakhstan. This was reported by Vice Minister of National Economy Azamat Amrin.
Speaking at a government meeting, Amrin said that real GDP growth reached 3 percent in the first quarter. At the same time, the share of the oil sector in GDP was cut in half.
“I want to emphasize once again that this year economic growth will be ensured without a positive contribution from the oil sector. In January–March of this year, output in the mining industry fell by 11.4 percent due to a 19.8 percent decline in oil production and a 15.1 percent drop in natural gas production,” the vice minister added.
In turn, Energy Minister Yerlan Akkenzhenov said that the decline in oil and gas sector indicators is linked to the situation involving the Caspian Pipeline Consortium (CPC) and Tengiz.
“During the reporting period, oil and gas condensate production amounted to 19.7 million tons, or 80.2 percent of the level recorded in the same period last year. At Karachaganak, work is continuing on the launch of the sixth raw gas reinjection compressor, which will help maintain oil production at 10–11 million tons per year. Negotiations are underway with major subsoil users on measures to increase oil production,” Akkenzhenov said.
According to him, in the first three months, oil exports totaled 15.3 million tons, or 78.5 percent of the level recorded in the same period of 2025. The export forecast for this year is 76 million tons.
