Oil production by the end of 2024 will amount to 87.8 million tons of oil. The decrease in the forecast is due to a number of factors.
From the report of the Minister of Energy of Kazakhstan Almasadam Satkaliyev at a government meeting:
"During the specified period, the volume of oil and condensate production amounted to 80.5 million tons, or 98% compared to the same period last year (82.2 million tons), including for large companies in the oil and gas industry:
During this period, Tengiz produced 25.9 million tons of oil, which is 97.9% compared to the same period last year (26.5 million tons).
The volume of oil production at Kashagan amounted to 15.8 million tons, or 92.8% compared to the same period last year (17.1 million tons).
The indicator of the Karachaganak project amounted to 11.1 million tons, or 100.9% compared to the same period last year (11 million tons).
The decrease in production compared to last year was influenced by major repairs at large fields in 2024: at Tengiz, in connection with the planned launch of the Future Expansion Project, repairs lasting a total of 50 days were carried out in May and August, at Kashagan, repairs were carried out to replace the slug catcher with a full stop for 21 days (instead of the planned 39 days with full capacity starting on November 1 this year, which gives an increase of 50 thousand tons for each day saved, which is an average of 350 – 450 thousand tons).
In addition, the decrease in production was affected by unscheduled shutdowns at the Karachaganak field and restrictions on gas intake by the Orenburg Gas Processing Plant, CPC shutdowns for scheduled maintenance work, as well as repair work at the second-generation Plant of the Tengiz field, due to internal steam leakage into the process stream from October 26 this year (until the end of the year).
In this regard, by the end of this year, oil production is expected to reach 87.8 million tons.
The failure to achieve the planned production target affected oil exports.
Thus, 63.2 million tons of oil were exported during the reporting period, or 98.3% compared to the same period last year (64.3 million tons)."
Kazakhstan is also committed to fulfilling its obligations under the agreement with OPEC+ countries.

Source : https://www.gov.kz/memleket/entities/energo/press/news/details/904082