Market Size of Kazakhstan Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.26 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kazakhstan Oil & Gas Midstream Market Analysis
The Kazakhstan oil and gas midstream market is expected to grow at a CAGR of more than 3.26% during the forecast period of 2020 - 2025. Factors like increasing demand for natural gas and oil and increasing production of oil in the country are expected to boost the demand for the Kazakhstan oil and gas midstream market during the forecast period. However, the crude oil quality has a high percentage of hydrogen sulfide, thereby reducing the demand of oil.
- Pipeline capacity is expected to increase in the forecast period due to new projects and expansion of existing pipeline taking place. Also, The increase in production levels of oil in the country has increased optimism in the Kazakhstan oil and gas midstream industry towards higher growth in the forecast period.
- Kazakhstan's government-owned company is expected to invest in the exploration and production of Kazakhstan's oil and gas fields. The investment would likely increase production and create an opportunity for cheaper oil and gas for the refineries.
- An increase in demand in Kazakhstan for natural gas is expected to increase the growth in the Kazakhstan oil and gas midstream sector. A significant increase in demand from China and the Russian Federation are also creating additional demand for Kazakhstan hydrocarbon.
