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OIL: Kazakhstan Aims for 2025 Shale Production

OIL
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Kazakhstan plans to start producing shale oil in 2025, Interfax reports.

  • "Kazakhstan expects to produce its first shale oil this year, thus creating an incentive to attract investment to the oil and gas industry," Prime Minister Olzhas Bektenov said at a government meeting on Tuesday.
  • Kazakhstan’s Ministry of Energy said in December that it was seeking to produce shale oil in the Kyzylorda and Ulytau regions. The EIA estimates Kazakhstan’s technically recoverable shale oil and concentrate reserves at ~1.4bn tons.
  • Kazakhstan’s oil production reached a daily record high of 278,499 tons on Sunday, according to official data, following the expansion of the Tengiz oilfield.
  • Kazakhstan earlier this month revised oil output targets for 2025 down to 96.2m tons from 97.2m tons.
  • The country has previously confirmed commitment to OPEC+ oil production obligations in 2025 amid pledges to compensate for previous overproduction to the end of June 2026.
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Kazakhstan plans to start producing shale oil in 2025, Interfax reports.

  • "Kazakhstan expects to produce its first shale oil this year, thus creating an incentive to attract investment to the oil and gas industry," Prime Minister Olzhas Bektenov said at a government meeting on Tuesday.
  • Kazakhstan’s Ministry of Energy said in December that it was seeking to produce shale oil in the Kyzylorda and Ulytau regions. The EIA estimates Kazakhstan’s technically recoverable shale oil and concentrate reserves at ~1.4bn tons.
  • Kazakhstan’s oil production reached a daily record high of 278,499 tons on Sunday, according to official data, following the expansion of the Tengiz oilfield.
  • Kazakhstan earlier this month revised oil output targets for 2025 down to 96.2m tons from 97.2m tons.
  • The country has previously confirmed commitment to OPEC+ oil production obligations in 2025 amid pledges to compensate for previous overproduction to the end of June 2026.