By Botagoz Marabai
Published on
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Kazakhstan is ramping up oil output, led by increased production at its giant Tengiz oilfield. Now supplying nearly 2% of the world’s crude, the country is becoming a key player in the global energy market.
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Kazakhstan, Central Asia's top oil producer, is a key exporter to the European market. The country's oil fields supply 13% of the European Union's crude, representing nearly 70 million tonnes last year.
Now pumping nearly 2% of global output, Kazakhstan has continued ramping up production, with output rising to 2 million barrels per day this year – driven by expansion at the giant Tengiz oilfield.
In this episode of East-West Connect, we examine the challenges the country is overcoming to remain a reliable global oil producer – from transportation issues to OPEC+ output quotas – as it emerges as a key player in the global energy market.
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