📊 Kazakhstan's Petroleum Sector Update – January 13, 2025
As of January 13, 2025, Kazakhstan's petroleum industry is experiencing significant developments that underscore the nation's pivotal role in the global energy market. At Qazaqstan Marine Fuels Refinery, we remain committed to aligning our operations with these industry trends, ensuring our clients receive top-tier products and services.
🛢️ Crude Oil Production Surpasses Expectations
Kazakhstan's crude oil production has seen a notable increase, with output reaching approximately 1.53 million barrels per day (bpd) in January 2025 . This surge is attributed to the commencement of operations at the new Third Generation Plant (3GP) at the Tengiz oilfield, part of the Future Growth Project . This expansion positions Kazakhstan to exceed its original oil output plans for 2025 of 96.2 million tons .
🏭 Refining Output Sees Significant Growth
Kazakhstan's major oil refineries have increased their output to 6.092 million tons in January-April 2025, marking a 10.8% year-over-year rise . This growth reflects the nation's commitment to enhancing its refining capabilities and meeting both domestic and international demand.
🌐 Foreign Trade Turnover Declines
In January 2025, Kazakhstan's foreign trade turnover amounted to $9.14 billion, a 10.3% decrease compared to January 2024 . Exports totaled $5.11 billion, down 13.6%, while imports were $4.04 billion, a 5.8% decline. The primary export commodities included crude oil and crude oil products obtained from bituminous minerals, accounting for 53.5% of total exports.
🔄 Oil Transit Through Azerbaijan Increases
Kazakhstan's oil transit through Azerbaijan has reached 3 million tons, emphasizing the importance of this transport corridor for the nation's energy sector . In January 2025, SOCAR Midstream Operations LLC entered into an agreement with KMG Trading, a subsidiary of KazMunayGas, to transit 240,000 tons of oil from the Kashagan deposit through Azerbaijan.
🌱 Environmental Initiatives Gain Momentum
Kazakhstan is making strides in reducing gas flaring, setting a model for the world. Emissions tracking for the oil and gas industry has delivered strong support, reflecting the nation's commitment to environmental sustainability .
🏭 Qazaqstan Marine Fuels Refinery: Aligning with National Progress
At Qazaqstan Marine Fuels Refinery, we are dedicated to supporting Kazakhstan's energy advancements by:
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Ensuring consistent supply of high-quality petroleum products, including D2 Diesel, MGO, and IFO 180/380.
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Adhering to international standards for environmental sustainability and emissions reduction.
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Expanding our logistics network to facilitate efficient distribution across Central Asia and beyond.
Our strategic location in Aktau positions us to effectively serve both domestic and international markets, reinforcing our commitment to excellence in the petroleum industry.
📞 Connect with Us
For inquiries about our products and services, please visit our Contact Page or reach out via our Google Business Page.
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