Kazakhstan's Oil and Gas Market Report is Segmented by Upstream, Midstream, and Downstream. The Report Offers the Market Size and Forecasts for the Oil and Gas Market in Volume (Million Barrels Per Day) for all the Above Segments.

The size of the Kazakhstan Oil and Gas Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 0.53% during the forecast period. Kazakhstan's oil and gas industry is a backbone of its economy, with massive volumes of reserves and huge capacities of production. Kazakhstan is one of the key oil-producing countries of Central Asia. The resources of crude oil and natural gas are spread out in the country and mainly represented in such areas as the Caspian Sea and in the Ural basin. The three segments of the market are built into upstream, midstream, and downstream, adding to the total energy landscapes. Upstream activities encompass exploration and production operations, and the flagship projects include Tengiz and Kashagan, with huge packages of foreign investment in the form of joint ventures with the foreign oil companies. Not only did such foreign capital and expertise boost production but also posed serious environmental and regulatory concerns. In midstream activities, considerable pipelines exist in the Caspian Pipeline Consortium that ferry hydrocarbons to domestic and overseas markets. The downstream is relatively not as developed as the upstream, although there are upgrading activities targeting increasing refinery capacity within the country. Kazakhstan seeks a continuously growing share of renewable energy sources supplementing its mix in line with global changeovers in the energy sector. The oil and gas market in the country offers impressive prospects for development, including integration of a mix of fossil fuel-based production into a smooth transition towards sustainability and energy diversification. Recent developments include: June 2023: The Ministry of Energy in Kazakhstan has announced that the country will maintain its reduction of oil production by 78,000 barrels per day until the end of 2024. This decision aligns with the agreement reached by the Organization of the Petroleum Exporting Countries (OPEC) in June 2022., May 2023: Sinopec, the Chinese energy company, has announced that it has reached significant agreements with KazMunayGaz, the state-owned oil and gas firm of Kazakhstan. The agreements pertain to the construction of a petrochemical complex that will be based on gas in the Atyrau region of Kazakhstan. A final investment decision regarding this project is expected to be made in 2024.. Key drivers for this market are: 4., Abundant Oil and Gas Reserves4.; Favorable Investment in Upstream Sector. Potential restraints include: 4., Volatility of Crude Oil Prices. Notable trends are: Upstream Sector to Witness Significant Growth.

The size of the Kazakhstan Oil and Gas Midstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.26% during the forecast period. The midstream market of Kazakhstan is pretty crucial in the energy sector of this state because it bridges the gulf between upstream production and downstream refining and distribution. Kazakhstan is a large oil-producing country with considerable reserves as well as one of the major oil producers in Central Asia; thus, middle-stream infrastructure has to be really resilient enough to undertake crude oil and natural gas transportation tasks. The midstream sector includes pipelines, storage facilities, and transportation networks that ensure the transport of hydrocarbons within the country and to other countries. Major pipeline systems link major oil fields in the west to export terminals and markets in Europe and Asia: Caspian Pipeline Consortium (CPC) and Kazakhstan-China Pipeline. Besides providing energy security to Kazakhstan, these infrastructures position Kazakhstan as a strategic transit hub in the region. Recent investments raise capacity to new heights while modernizing existing facilities with regard to global trends toward energy diversification and sustainability. Furthermore, with the world slowly moving towards cleaner sources of energy, Kazakhstan is also being assessed in terms of renewable energy into its midstream operations. The midstream market, therefore is important in ensuring efficient transit energy and the competitiveness of Kazakhstan in the global oil and gas map while addressing emerging environmental considerations. Key drivers for this market are: 4., Growing Adoption of Industrial Automation across Various Industrial Sectors4.; Rising Sales for Automobiles across the World. Potential restraints include: 4., Slow Down in Economic and Industrial Activities. Notable trends are: Transportation Sector to Witness Growth.

The market is segmented by Location of Deployment (Onshore and Offshore)

The market is segmented by Transportation and Storage

Kazakhstan Oil and Gas Market size was valued at USD 37 Billion in 2023 and is projected to reach USD 51 Billion by 2031, growing at a CAGR of 4.1% from 2024 to 2031.

Kazakhstan Oil and Gas Market: Definition/ Overview
Oil and gas are fossil fuels produced millions of years ago when ancient organic matter was subjected to intense pressure and heat. Oil is processed into gasoline, diesel and jet fuel, which power automobiles, aircraft and industries, whereas gas is used for heating, electricity and as a chemical feedstock. Together, they are the dominant energy sources for world economies.

The size of the Kazakhstan Oil & Gas Downstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of % during the forecast period. Downstream oil and gas market is at the heart of the entire energy business in Kazakhstan, which acts as a refining, transporting, and marketing of products of crude oil. Although possessing huge proportions of crude, Kazakhstan has for long suffered from downstream capabilities, constrained largely by its refining capacity. There are many refineries in the country. These refineries, which are located in such cities as Atyrau and Pavlodar, take crude oil, and produce various items, including gasoline, diesel and jet fuel. At the same time, however, the refining industry was far from sufficient to fulfill part of the domestic consumption. Havig so, the country often is obligated to import some refined products. Within the last few years, the government has taken some measures in the form of reforms aimed at modernizing and expanding facilities for refining, enhancing local production capabilities, and reducing imports dependence. The investments in technology and infrastructure play a crucial role in efficiency and quality of the output. Kazakhstan also explores petrochemical production, adding value to hydrocarbon resources and diversifying its economic base. Against the background of the global trend for shifts in energy dynamics towards cleanliness and sustainability, the downstream market is integrating adaptations into these trends, from upgraded fuel quality to reduced environmental influences. In general, the downstream sector of Kazakhstan undergoes transformation with a view toward improvement in the self-sufficiency and competitiveness of its market as well as compliance with international energy standards. Recent developments include: In June 2022, through its subsidiary, Chevron Munaigas Inc., Chevron Corp. and JSC NC 'KazMunayGas' (KMG) announced an MoU to explore potential lower carbon business opportunities in Kazakhstan. Chevron and KMG plan to evaluate the potential for lower carbon projects in areas such as carbon capture, utilization, and storage (CCUS).. Key drivers for this market are: 4., Abundant Oil and Gas Reserves4.; Favorable Investment in Upstream Sector. Potential restraints include: 4., Volatility of Crude Oil Prices. Notable trends are: Oil Refining Segment is Expected to Witness Significant Growth.

The Central Asia Oil and Gas Upstream Market is segmented by Location of Deployment (Onshore and Offshore) and by Geography (Kazakhstan, Turkmenistan, Uzbekistan and Rest of Central Asia).

Kazakhstan Oil & Gas Upstream Market size was valued to be USD 38.28 Billion in the year 2023 and it is expected to reach USD 54.43 Billion in 2031, at a CAGR of 4.5% over the forecast period of 2024 to 2031.

The oil and gas industry’s upstream sector focuses on the exploration, drilling, and production of crude oil and natural gas. This phase entails conducting geological surveys to identify new deposits and drilling wells to extract crude oil and gas.

Upstream oil and gas activities principally involve the production of crude oil and natural gas for usage in a variety of businesses. Crude oil collected by upstream activities is converted into fuels such as gasoline, diesel, and jet fuel, whilst natural gas is used to generate power, heat, and as a feedstock for petrochemicals.

The future of the oil and gas upstream business is predicted to be centered on innovation and efficiency. With increased energy demand and a focus on sustainability.

The Kuwait Oil and Gas Upstream Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 3.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising imports & exports of the oil & gas, innovation of the new technologies, and increasing demand for various activities. The companies are trying to overcome and rearrange themselves from the Covid-19.



The oil and gas upstream includes the activities of exploration such as production activities, obtaining the rights of land, and creating surveys that are geological. The sale of natural and crude oil by organizations, partnerships, or sole traders, which tackle the activities of natural gas and crude oil production for pre-refining.

The companies of oil and gas in Kuwait are investing highly in the technology of digital oilfield for increasing the production of oil & gas. The oilfields that are digital integrate advance hardware, software, and techniques of data analysis for the collection of real time data in the oilfield. It includes product surveillance, remote communication systems, visualization, and integrated decision making.



The digital technologies used in the oilfield includes electrical pumps that has advances function, drill bits with high performance, reservoir modelling, and seismic imaging. The oil and gas upstream are used in various applications such as tank management, well optimization, well test management, injection control, surface control management, and others. Covid-19 has highly affected the market as well as market players of the oil and gas upstream due to heavy lockdown imposed along with strict rules by the government.

Market Trends, Drivers, Restraints, and Opportunities

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  Increasing usage of natural oil & gas is expected to boost the market growth during the forecast period.

  
  


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  Continuous development activities taking place for oil & gas upstream acts as main factor driving the market expansion.

The Central Asia Oil and Gas Midstream Market is Segmented by Sector (Transportation and Storage and Terminals) and Geography (Kazakhstan, Tajikistan, Turkmenistan, and Rest of Central Asia). The report offers the market size and forecasts in pipeline length for all the above segments.

The Kazakh crude oil market skyrocketed to $15.4B in 2024, with an increase of 44% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +2.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Crude oil consumption peaked in 2024 and is likely to see steady growth in the immediate term.

Kazakhstan Midstream Oil and Gas Industry Outlook to 2025 – Market Outlook for Liquids Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Kazakhstan. The report provides details such as name, type, operational status and operator for all active and planned (new build) liquids storage terminals major trunk pipelines, underground gas storage sites and gas processing plants in Kazakhstan till 2025. Further, the report also offers recent developments and financial deals in the country’s midstream sector, wherever available. Read More

The Kazakh liquefied petroleum gas (LPG) market soared to $743M in 2024, surging by 34% against the previous year. Overall, consumption continues to indicate a resilient increase. Over the period under review, the market reached the peak level in 2024 and is expected to retain growth in the near future.

Kazakhstan Oil & Gas Downstream Market size was valued at USD 11.5 Billion in 2023 and is projected to reach USD 17.1 Billion by 2031, growing at a CAGR of 6.7% from 2024 to 2031.

Kazakhstan Oil & Gas Downstream Market: Definition/ Overview
The oil and gas downstream sector are the final phase of the business, which involves refining crude oil, processing natural gas and distributing products such as gasoline, diesel, jet fuel and petrochemicals. This area is critical to transforming raw hydrocarbons into useable goods for consumers and industry.

Price for Crude Oil and Processed Petroleum in Kazakhstan - 2021. Find the latest marketing data on the IndexBox platform.

The size of the Central Asia Oil and Gas Midstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00">> 3.00% during the forecast period. The midstream sector of the oil and gas industry in Central Asia represents a pivotal component of the region's energy landscape, involving the transportation, storage, and processing of hydrocarbons from extraction sites to consumers. This sector is essential for linking the rich oil and gas reserves of Central Asia—particularly in nations such as Kazakhstan, Turkmenistan, and Uzbekistan—with international markets. The region's advantageous geographical position, serving as a bridge between Europe and Asia, further amplifies its significance within the global energy supply framework. Critical infrastructure, including pipelines, storage facilities, and export terminals, is vital for the effective movement of hydrocarbons over extensive distances while addressing geopolitical complexities. Recent trends in the Central Asia midstream sector indicate a surge in investments aimed at infrastructure development, such as pipeline expansions and the establishment of new routes to diversify export channels and mitigate reliance on any single market. Notable projects, including the Trans-Caspian Pipeline and various enhancements to existing pipelines, are designed to improve connectivity and bolster the region's economic advancement. Nevertheless, the sector encounters obstacles such as geopolitical strife, volatile global oil prices, and environmental issues. Striking a balance between economic advantages and sustainable practices, along with fostering regional collaboration, will be essential for the ongoing development and stability of the oil and gas midstream market in Central Asia. Recent developments include: August 2022: Kazakhstan aimed to sell some of its crude oil through Azerbaijan's most extensive oil pipeline. Kazakhstan is seeking alternatives to a route Russia has threatened to shut., August 2022: KazMunayGas (KMG) oil and gas company sought to develop bilateral cooperation with Azerbaijan's SOCAR energy company in connection to the trans-Caspian infrastructure development. SOCAR deals with exploring oil and gas fields in the Caspian Sea., September 2021: The State Oil Company of Azerbaijan (SOCAR) and the Swiss-Dutch company, Vitol Group, agreed to transport about 1 million tons of Turkmen oil annually via the Baku-Tbilisi-Ceyhan oil trunk pipeline (abbreviated as BTC). SOCAR transports Turkmen oil across the Caspian Sea by tankers. The length of the BTC pipeline is 1,768 kilometers. The oil pipeline passes through the territory of three countries - Azerbaijan (443 km), Georgia (249 km), and Turkey (1076 km).. Key drivers for this market are: 4., Increasing Demand from Industrial Applications4.; Growing Infrastructure Across the World. Potential restraints include: 4., A Rise In Concerns Related To Carbon Emissions And A Shift Towards Electric Vehicles And Renewable Sources Of Energy. Notable trends are: Transportation Sector to Dominate the Market.

Kazakhstan Midstream Oil and Gas Industry Outlook to 2021: Market Forecasts for Oil Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Kazakhstan. The report provides oil and natural gas production, consumption, exports and imports from 2000 to 2020. It also provides historic oil and gas reserves for the period 2000 to 2015. Further, the report provides details such as name, type, operational status and operator for all active and planned (new build) oil storage terminals, major trunk pipelines, gas storage facilities and gas processing plants in Kazakhstan till 2021. The report also offers recent developments, financial deals as well as latest contracts awarded in the country’s midstream sector. Read More

Kazakhstan Midstream Oil and Gas Industry Outlook to 2022: Market Forecasts for Oil Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Kazakhstan. The report provides details such as name, type, operational status and operator for all active and planned (new build) oil storage terminals, major trunk pipelines, underground gas storage sites and gas processing plants in Kazakhstan till 2022. Further, the report also offers recent developments and financial deals in the country’s midstream sector. Read More

In 2023, after two years of growth, there was significant decline in the Kazakh stainless steel seamless pipe market, when its value decreased by -51.1% to $39M. Overall, consumption, however, showed a strong expansion. Stainless steel seamless pipe consumption peaked at $80M in 2022, and then reduced rapidly in the following year.