In 2024, oil and condensate production in Kazakhstan is expected to decrease by nearly 4% due to drone attacks on export infrastructure and the early shutdown of production at the Tengiz field. Authorities do not anticipate a return to the record output levels of previous years until 2026.
Turkish Petroleum has joined a joint gas exploration project in the Bulgarian sector of the Black Sea, acquiring a 33% stake alongside Shell and OMV Petrom. In 2024, seismic data collection is planned, with possible drilling to follow the next year.
Oil exports from Kazakhstan's largest fields have resumed after a week-long halt caused by drone attacks on tankers in the Black Sea. Operations at the terminal and pipeline have been restored, and production is gradually returning to previous levels.