Overview Crude petroleum remained Kazakhstan's largest export in 2024, confirming its status as a significant energy exporter. Import Globals on Kazakhstan Exporter Data states that the nation's prosperity was largely due to its strong oil output, rising export volume, and developing infrastructure. This blog explores Kazakhstan's 2024 crude oil exports, looking at export statistics, key markets, production areas, price patterns, and future projections.

Exports of Crude Petroleum from Kazakhstan

One of the main drivers of Kazakhstan's economic expansion in 2024 was the export of crude petroleum. Crude oil is still the principal export commodity, with the nation's oil exports totaling about 68.8 million metric tons. According to research conducted by Import Globals using Kazakhstan Export Data, this represented 55.4% of the country's overall export value. Kazakhstan's oil export industry has shown endurance and expansion despite obstacles, including maintenance in important oil fields and the volatility of the world energy market.

Key Export Routes and Destinations in Kazakhstan

The Caspian Pipeline Consortium (CPC), the Atyrau-Samara pipeline, and the Aktau Port (via the Caspian Sea) are the three main pipelines that carry Kazakhstan's oil exports. As per Kazakhstan Export Data, these pipelines guarantee that crude oil reaches its main consumers by connecting Kazakhstan's enormous oil reserves to global markets.

Important Export Routes

PCC Pipeline: 55.4 million tons via the PCC Pipeline, which is a vital conduit to Russia and the world market.

Atyrau-Samara Pipeline: 8.6 million tons are transported over the Atyrau-Samara Pipeline, mostly to Eastern Europe.

Caspian Sea port of Aktau: 3.6 million tons in the Caspian Sea port of Aktau, which connects to customers abroad.

In 2024, Kazakhstan exported a wide range of crude oil to nations in North America, Asia, and Europe. According to IMport Globals' Kazakhstan Export Import Global Trade Data, Kazakhstan's oil exports to China, South Korea, Singapore, Turkey, and Romania saw year-over-year drops of 25% to 83% as a result of shifting demand patterns and geopolitical conditions.

Major Export Destinations

Kazakhstan's Leading Oil-Producing Zones

Tengiz, Kashagan, and Karachaganak are the three main oil fields from which Kazakhstan's crude oil is derived. These areas account for more than 65% of Kazakhstan's total oil output, according to research conducted by IMPORT GLOBALS on Kazakhstan IMPORT EXPORT GLOBAL DATA.

With substantial deposits and cutting-edge extraction techniques, these fields are regarded as some of the biggest and most productive in the world. Kazakhstan intends to raise its oil production even further; by 2026, output is expected to reach over 100 million tons per year.

Trends in Prices and Export Revenue

Due to rising Brent crude prices and worldwide market trends, Kazakhstan's crude oil export prices in 2024 were somewhat higher than those of the previous year. According to Import Globals' analysis on Kazakhstan's import-export trade data, the nation's oil export earnings in 2024 were $33.9 billion, representing an 8.2% increase in income over 2023. The total rise in export value was aided by the average export price of $629.10 per ton for Kazakhstan's crude oil in 2024.

Because of its wide variety of customers and its dominant position in the energy industry, Kazakhstan was able to sustain steady shipments even while the price of oil fluctuated globally.

Forecast and Strategic Consequences for the Export of Crude Petroleum from Kazakhstan

Over the coming years, it is anticipated that Kazakhstan's oil industry would expand gradually. As key projects in Tengiz, Kashagan, and Karachaganak come online, the country's crude oil output is expected to reach 96.2 million tons in 2025 and 100 million tons by 2026, according to Import Globals' report on Kazakhstan Export Import Global Trade Data. For Kazakhstan to continue playing a part in the world energy market, this growth is essential.

Future Trends

? Production: It is expected to reach 96.2 million tons in 2025.

? Volume of Exports: In 2025, it is 70.5 million tons.

? New Export Routes: In order to lessen its reliance on Russia and to get access to other markets like Turkey through the Baku–Tbilisi–Ceyhan (BTC) pipeline, Kazakhstan is concentrating on diversifying its export routes.

? Geopolitical Strategy: Kazakhstan seeks to protect its energy industry from market volatility and geopolitical risks by diversifying its export markets and infrastructure.

According to Import Globals' Kazakhstan Export Data, the nation is well-positioned for future expansion in the world oil market thanks to its expanding exports and strategic emphasis on infrastructure development.

Leading Exporters of Crude Oil Worldwide

Although Kazakhstan is one of the world's leading oil exporters, it is by no means the biggest. Kazakhstan's strategic position, enormous reserves, and expanding infrastructure investments are expected to boost its standing internationally in the years to come, according to research by Import Globals on Kazakhstan Import Export Global Data.

Conclusion

2024 was a year of expansion and strategic realignment for Kazakhstan's crude oil exports. With strong output from important areas like Tengiz, Kashagan, and Karachaganak, Kazakhstan is establishing itself as a worldwide leader in energy, according to Kazakhstan Import Export Trade Data. The nation is well-positioned to experience sustained prosperity in the upcoming years as it endeavors to broaden its export routes and diversify its consumer base. Kazakhstan's economy still depends heavily on its oil industry, and the country's expanding export capabilities will continue to have an impact on the world energy market.

If you are looking for detailed and up-to-date Kazakhstan Export Data, You Can Contact Import Globals.

FAQs

Que. In 2024, what will be Kazakhstan's most popular export?
Ans. Crude petroleum will be Kazakhstan's main export in 2024, making up over 55% of its overall export value.

Que. Which areas of Kazakhstan produce the most oil?
Ans. Together, the Tengiz, Kashagan, and Karachaganak oil fields account for about 65% of Kazakhstan's total oil output, making them the country's principal oil-producing areas.

Que. Which nations import the most crude oil from Kazakhstan?
Ans. In 2024, Italy, Germany, the United States, India, and Greece were the main importers of crude oil into Kazakhstan.

Que. What will the price of Kazakhstan's crude oil exports be in 2024?
Ans. The average price at which Kazakhstan's crude oil was exported in 2024 was $629.10 per ton.

Que. How much crude oil is expected to be produced and exported from Kazakhstan in 2025?
Ans. In 2025, it is anticipated that Kazakhstan will produce 96.2 million tons of crude oil, with 70.5 million tons of the oil being exported.

Que. Where to obtain detailed Kazakhstan Export Data?
Ans. Visit www.importglobals.com or email info@importglobals.com for more information on up-to-date Kazakhstan Export Data.