Business

Tengiz Expansion Shapes Kazakhstan’s Oil Market Balance

By Nagima Abuova on 26 February 2026

ASTANA — Kazakhstan produced 99.6 million tons of crude oil and gas condensate in 2025, up 12% from the previous year, according to figures released by the Kazakhstan Association of Oil and Gas and Energy Sector Organizations on Feb.17.  The increase was driven largely by expansion at the Tengiz...