Market Size of Kazakhstan Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | < 3.78 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kazakhstan Oil & Gas Downstream Market Analysis
The Kazakh oil and gas downstream market is expected to register a CAGR of approximately 3.78% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, factors such as the increasing demand for natural gas and increasing investments in refineries are expected to boost the demand for the Kazakh oil and gas downstream market during the forecast period.
- However, Kazakhstan's natural gas requires better refining equipment due to the high value of hydrogen sulfide proportion, which may restrain the country's oil and gas downstream market.
- In 221, sizeable crude oil discoveries were made in southern Kazakhstan, which may result in significant reserves and offer an opportunity for new refineries that are anticipated to process the crude oil in the country.
