BAKU, Azerbaijan, September 17. Kazakhstan
plans to produce 96 million tons of oil in 2027.


This was reported in a statement issued by Kazakhstan’s
Kurultai, citing remarks by First Vice Minister of National Economy
Azamat Amrin at a Kurultai meeting.


"This year, we planned 100.5, but in fact, it comes out to 96
million tons. For next year, 96 million tons, with further growth
of around 99 and up to 100 in subsequent years," he said.


Amrin said that the draft national budget for 2027-2029 assumes
an oil price of $70 per barrel.


Earlier, the Government of Kazakhstan said oil production in the
country decreased by 8.4% year-on-year to 61.7 million tons in
January-August 2026. The 2026 oil production forecast was revised
down to 96 million tons.


According to the Short-Term Energy Outlook released by the U.S.
Energy Information Administration (EIA), Kazakhstan’s production of
petroleum and other liquid fuels is forecast to average 2.09
million barrels per day (bpd) in 2026 and 2.21 million bpd in
2027.







According to Trend
calculations, Kazakhstan’s projected average liquid fuels output in
2026 is 2.8% below the estimated 2025 level of 2.15 million bpd.
The 2027 forecast is 2.8% above the 2025 estimate and 5.7% higher
than the 2026 forecast.


Furthermore, the EIA estimates Kazakhstan’s liquid fuels output
at 1.75 million bpd in the first quarter of 2026 and 2.24 million
bpd in the second quarter.


Output is forecast at 2.08 million bpd in the third quarter and
is expected to rise to 2.28 million bpd in the fourth quarter.


Meanwhile, Moody’s said in a report obtained by Trend that
attacks on the Caspian Pipeline Consortium (CPC), the drone strike
on Russia’s Orenburg gas processing plant in June 2026, Russia’s
suspension of Druzhba pipeline shipments from May 2026, and a fire
at the Tengiz field affected Kazakhstan’s oil production, but the
impact of these disruptions is expected to be temporary.


"However, the disruptions have so far been temporary, and the
country's total oil production is likely to remain broadly in line
with 2025 levels, with growth postponed rather than lost and
potentially resuming in 2027 if no further disruptions occur",
Moody's said.