Kazakhstan Oil And Gas Market Size

Statistics for the 2023 & 2024 Kazakhstan Oil And Gas market size, created by Mordor Intelligence™ Industry Reports. Kazakhstan Oil And Gas size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Kazakhstan Oil And Gas Industry

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Kazakhstan Oil And Gas Market Summary
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Study Period 2019-2029
Base Year For Estimation 2023
Market Volume (2024) 1.47 Million barrels per day
Market Volume (2029) 1.51 Million barrels per day
CAGR (2024 - 2029) 0.53 %
Market Concentration Medium

Major Players

Kazakhstan Oil And Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Kazakhstan Oil And Gas Market Analysis

The Kazakhstan Oil And Gas Market size in terms of production volume is expected to grow from 1.47 Million barrels per day in 2024 to 1.51 Million barrels per day by 2029, at a CAGR of 0.53% during the forecast period (2024-2029).

Over the medium term, factors such as abundant oil and gas reserves and favorable investment conditions are expected to drive the market during the forecasted period.

On the other hand, volatile oil and gas prices due to recent geopolitical developments are likely to restrain the growth of the oil and gas market during the forecasted period.

Nevertheless, the potential of developing downstream industries in the country to create a complete oil and gas value chain is expected to create significant opportunities.

Kazakhstan Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)