Kazakhstan adds six oil fields to balance amid local company development
Kazakhstan has added six new oil fields to its balance, according to Deputy Energy Minister Yerlan Akbarov. The fields, with reserves exceeding 127 million tonnes, are primarily located in the Mangystau and Atyrau regions. Local companies are expected to lead the extraction efforts.
New Oil Fields
Deputy Energy Minister Yerlan Akbarov announced the addition of six new oil fields to Kazakhstan's balance. These fields are located mainly in the Mangystau and Atyrau regions. The reserves are estimated to exceed 127 million tonnes. Local companies, which discovered these fields, will primarily conduct the extraction. The announcement was made on April 7, 2026, in the Majilis.
KazMunayGas Production Plans
Askar Hasanov, Chairman of KazMunayGas, reported that 434,000 tonnes of oil were additionally extracted in 2025 under the Technological Challenges Program. The company plans to extract an additional 54 million tonnes by 2040. KazMunayGas is a key player in Kazakhstan's oil industry. The company's efforts align with the country's broader energy strategy.
What's Next
Kazakhstan's energy sector is poised for further development with upcoming projects. It remains uncertain how global oil market fluctuations will impact these plans.
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Kazakhstan adds six oil fields to balance amid local company development
