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.
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.
Kazakh oil companies have temporarily reduced production due to the suspension of tanker loading at the Black Sea terminal following drone attacks. This has affected exports, which account for more than 1% of global oil supplies. Consultations are currently underway to restore stable deliveries.