Kazakhstan

 Country overview

 

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The Republic of Kazakhstan lies in northern Central Asia. Situated between the Russian Federation and China, with access to the Caspian Sea, Kazakhstan plays a key role as a tr​ansit country as well as a key energy producer.  Until 2015, Kazakhstan was among the world's top ten fastest-growing economies, mainly owing ​to development of its rich oil, gas and coal resources and its export-oriented policies. The country is the largest oil p​​roducer in Central Asia, with the 12th highest proven crude oil reserves​ in the world. However, falling oil prices and weaker export demand caused gross domestic product (GDP) to decline from 4.1% in 2014 to 1.2% in 2015, and nearly zero GDP growth was expected for 2016.

Kazakhstan produced 80.8 million tonnes (Mt) of crude oil in 2014, with about half coming from the two giant fields of Tengiz and Karachaganak. The Kashagan field, the fifth-largest reserve in the world, which came online in the autumn of 2016, will also play a major role in Kazakhstan's future oil production: in January 2017, the Kashagan North Caspian Operating Company announced potential exports of 1 Mt of crude oil and condensate.​

At the end of 2015 Kazakhstan's proven oil reserves were 3 900 Mt and the reserves-to-production (R/P) ratio was 49.3. This amounts to 1.8% of the world's total liquids reserves and puts Kazakhstan in 12th place worldwide. Kazakhstan is also rich in natural gas deposits, with 900 bcm of proven reserves at the end of 2015 (0.5% of total world reserves) at an R/P ratio of 75.7, and proven reserves of coal totalled 33 600 Mt (3.8% of total world reserves) at an R/P ratio of 316. Progress has also been achieved in terms of gas network development: in 2016 three lines of the transnational Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline were completed, increasing transit gas volumes from 30 billion cubic metres per year (bcm/y) to 55 bcm/y, and the Beineu-Bozoi-Shymkent pipeline connecting the western producing region with the densely populated south also became operational in 2016.

See also Energy Policies Beyond IEA Countries - Eastern Europe, Caucasus and Central Asia 2015​​

Go to the Sankey Flow of Kazakhstan​

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Energy Marketshttps://www.eu4energy.iea.org/Pages/Energy-Markets.aspxEnergy Markets
Energy Securityhttps://www.eu4energy.iea.org/Pages/Energy-Security.aspxEnergy Security
Sustainable Developmenthttps://www.eu4energy.iea.org/Pages/Sustainable-Development.aspxSustainable Development