Key Market Indicators
Kazakhstan's crude oil production is projected to grow by 0.4% annually over the next five years, from 75,580 thousand tonnes of oil equivalent in 2021 to 78,370 thousand tonnes of oil equivalent in 2026. Since 1995, Kazakhstani oil output has decreased by 1.1% annually. In 2021, the country was ranked 16th, with Angola being the top producer at 75,580 thousand tonnes of oil equivalent. Saudi Arabia, the United States and Iraq followed, holding the 2nd, 3rd and 4th spots respectively.
