The Kazakh crude oil market soared to $X in 2025, rising by X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2025: its value increased at an average annual rate of X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2025 and is expected to retain growth in years to come.
Crude Oil Production in Kazakhstan
In value terms, crude oil production reached $X in 2025 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production attained the peak level of $X. From 2023 to 2025, production growth remained at a lower figure.
Crude Oil Exports
Exports from Kazakhstan
In 2025, the amount of crude petroleum oil exported from Kazakhstan reduced to X tons, waning by X% against 2023 figures. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2025, the exports remained at a lower figure.
In value terms, crude oil exports fell notably to $X in 2025. Over the period under review, exports showed a noticeable setback. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2025, the exports stood at a somewhat lower figure.
Exports by Country
Italy (X tons) was the main destination for crude oil exports from Kazakhstan, accounting for a X% share of total exports. Moreover, crude oil exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. China (X tons) ranked third in terms of total exports with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and China (X% per year).
In value terms, Italy ($X) remains the key foreign market for crude petroleum oil exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by South Korea, with an X% share.
From 2012 to 2023, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).
Export Prices by Country
The average crude oil export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and China ($X per ton), while the average price for exports to Switzerland ($X per ton) and Singapore ($X per ton) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.
Crude Oil Imports
Imports into Kazakhstan
In 2025, overseas purchases of crude petroleum oil decreased by X% to X tons for the first time since 2021, thus ending a two-year rising trend. In general, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2023 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2025, imports failed to regain momentum.
In value terms, crude oil imports declined slightly to $X in 2025. Over the period under review, imports saw a precipitous decline. The growth pace was the most rapid in 2023 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2025, imports failed to regain momentum.
Imports by Country
In 2023, Russia (X tons) constituted the largest crude oil supplier to Kazakhstan, accounting for a approx. X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from Russia amounted to X%.
In value terms, Russia ($X) constituted the largest supplier of crude petroleum oil to Kazakhstan.
From 2012 to 2023, the average annual growth rate of value from Russia totaled X%.
Import Prices by Country
The average crude oil import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price showed a sharp descent. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then dropped dramatically in the following year.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2024 were the United States, China and Russia, with a combined 47% share of global consumption.
The countries with the highest volumes of production in 2024 were the United States, Russia and Saudi Arabia, with a combined 41% share of global production.
In value terms, Russia constituted the largest supplier of crude petroleum oil to Kazakhstan.
In value terms, Italy remains the key foreign market for crude petroleum oil exports from Kazakhstan, comprising 34% of total exports. The second position in the ranking was taken by China, with an 8.9% share of total exports. It was followed by South Korea, with an 8.6% share.
In 2023, the average crude oil export price amounted to $599 per ton, which is down by -16.8% against the previous year. Over the period under review, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2022 an increase of 52% against the previous year. The export price peaked at $828 per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.
The average crude oil import price stood at $22 per ton in 2023, falling by -95.5% against the previous year. Overall, the import price faced a sharp descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30%. Over the period under review, average import prices hit record highs at $484 per ton in 2022, and then fell dramatically in the following year.
This report provides a comprehensive view of the crude oil industry in Kazakhstan, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the crude oil landscape in Kazakhstan.
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for Kazakhstan. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverage
Crude Petroleum Oil
Country coverage
Kazakhstan
Country profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Kazakhstan. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links crude oil demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Kazakhstan.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of crude oil dynamics in Kazakhstan.
FAQ
What is included in the crude oil market in Kazakhstan?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for Kazakhstan.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
LIST OF FIGURES
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Market Volume Forecast to 2035
Market Value Forecast to 2035
Market Size and Growth, By Product
Average Per Capita Consumption, By Product
Exports and Growth, By Product
Export Prices and Growth, By Product
Production Volume and Growth
Exports and Growth
Export Prices and Growth
Market Size and Growth
Per Capita Consumption
Imports and Growth
Import Prices
Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2025
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Physical Terms, By Country, 2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
Mar 7, 2026
Shell Signs New Oil & Gas Exploration Deal with Kazakhstan Until 2032
Shell signs a long-term exploration agreement with Kazakhstan for the Zhanaturmys block, focusing on seismic and technical work until 2032, amid ongoing legal disputes over existing projects.
OPEC+ Over-Producers Submit Updated Compensation Plans Through June 2026
Four OPEC+ producers have filed updated plans to compensate for over-production with output cuts scheduled through June 2026, with Kazakhstan facing the most significant reductions.
Lukoil Agrees to Sell $22bn International Unit to Carlyle
Russian oil giant Lukoil has conditionally agreed to sell its $22bn international subsidiary to US private equity firm Carlyle. The deal, pending OFAC approval, sees Kazakhstan bidding for Lukoil's stakes in key projects while other major players remain interested.
Oil Prices Fall on Kazakhstan Output Resumption, Focus on Iran and US Weather
Analysis of falling oil prices driven by Kazakhstan's output resumption, balanced against ongoing supply risks from Middle East tensions and U.S. weather disruptions.
Kazakhstan Wins $4 Billion Arbitration Against Karachaganak Oil Majors
Kazakhstan secures a major arbitration victory, with an international court ruling oil majors must pay up to $4 billion for unapproved costs at the Karachaganak oil field.
Kazakhstan Investigates Tengiz Oilfield Shutdown After Power Plant Fires
An overview of the investigation into the Tengiz oilfield shutdown after transformer fires, detailing the production impact, expected downtime, and effect on global oil prices.