Kazakhstan is solidifying its position as a vital energy partner for the European Union, exporting over 70% of its oil to EU countries. As the bloc’s third-largest non-OPEC oil supplier, the nation is scaling up efforts to meet growing demand and strengthen its presence in international trade.
Energy Minister Almasadam Satkaliyev announced plans to significantly boost crude oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline, with potential volumes increasing from 1.5 million to 20 million metric tonnes annually. This initiative reflects Kazakhstan’s commitment to diversifying its trade routes and expanding access to key markets.
Kazakhstan’s total oil exports for 2024 are forecasted to reach 68.8 million tonnes, driven by strategic investments and collaborative efforts with regional partners. The country’s production is expected to grow to over 100 million tonnes annually by 2026, supported by investments of $21 billion in large-scale projects through 2030.
Further enhancing its energy infrastructure, Kazakhstan is planning the construction of a new oil refinery with a capacity of 10 million tonnes per year. This project, set to begin in 2032, aims to address future energy needs and ensure consistent trade flow.
European demand for Kazakh oil continues to rise. Germany, for instance, has requested an increase in annual shipments to 2.5 million tonnes, reflecting the EU’s growing reliance on Kazakhstan as a stable and strategic energy partner. Hungary has also expanded its partnership with KazMunayGas, focusing on energy exploration and petrochemical development.
To support its expanding role in global trade, Kazakhstan is investing in alternative transport corridors such as the Middle Corridor, connecting the Trans-Kazakhstan railway to the Baku-Tbilisi-Kars railway. These initiatives open new pathways to the EU market, reducing logistical challenges and enhancing trade reliability.
With 60% of its export revenues tied to oil and gas, Kazakhstan’s strategic investments in infrastructure and international partnerships underscore its dedication to economic growth and global trade leadership.
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