Market Size of Kazakhstan Oil And Gas Industry
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*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.