Eurasia · KAZ · OPEC+
Kazakhstan
CPC barrels to the Black Sea, uranium to the world, coal at home.
Oil production
1.9 mb/d
0.4 mb/d demand
Net oil
+1.5 mb/d
Export surplus
Gas production
24 bcm
Net +6 bcm
O&G rent
16.0%
Fiscal breakeven $70
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
30 bn bbl
Gas reserves
2.3 tcm
Refining
0.4 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil35%
- Gas65%
Economy
Tengiz and Kashagan pay the state. Routing around Russia is a strategic project. A first nuclear plant is on the table because the coal fleet is old.
- GDP
- $0.3 tn
- Population
- 20.0 m
- Oil intensity
- 0.4 bbl /$1k
- Oil & gas rent
- 16.0% GDP
- Hydrocarbon trade
- -11.0% GDP
- Fiscal breakeven
- $70 /bbl
- $30 oil shock
- +58.6 pp GDP
- Club
- OPEC+
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.4 mb/d (net +1.4) versus NZE 0.2 mb/d (net +0.7).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.4 | 0.4 | 0.4 | 0.4 |
| Net Zero 2050 | 0.4 | 0.3 | 0.2 | 0.1 |
| Current Policies | 0.4 | 0.4 | 0.4 | 0.4 |