Kazakhstan oil output falls 8.4% in Jan-Aug to 61.7 mln tonnes

September 14, 2026 at 06:07 PM2 min

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Kazakhstan's oil production fell 8.4% year-on-year in January-August 2026 to 61.7 million tonnes, the government's economic growth headquarters reported on September 14. The physical volume index stood at 91.6%, while the non-oil sector drove overall GDP growth of 4.1% for the period.

Key Facts

Oil production in January-August 2026 totaled 61.7 million tonnes, down 8.4% year-on-year.
The physical volume index for oil production was 91.6% for January-August, up from 91.1% for January-July.
The adjusted 2026 oil production forecast is 96 million tonnes, down from the original 99.55 million tonnes.
Manufacturing output rose 8.4% in January-August, with light industry up 70.4% and pharmaceuticals up 38.9%.
Kazakhstan's real GDP grew 4.1% in January-August 2026, unchanged for the third consecutive month.

Oil Production Decline

Kazakhstan produced 61.7 million tonnes of oil in January-August 2026, an 8.4% decrease from the same period last year. The physical volume index for oil production was 91.6% for the eight-month period, compared with 91.1% for January-July. The government's adjusted forecast for 2026 oil production is 96 million tonnes, down from the original target of 99.55 million tonnes. Energy Minister Yerlan Akkenzhenov said in August that attacks on Caspian Pipeline Consortium facilities would cost the country about 3.5 million tonnes of output.

Non-Oil Sector Growth

Manufacturing output increased 8.4% in January-August, while overall industrial production rose 2.6%. Light industry grew 70.4%, pharmaceuticals 38.9%, fabricated metal products 33.3%, chemicals 27.3%, and machinery 21.2%. Food production increased 12.9%, and automotive output rose 27.7% within the machinery sector. Deputy Prime Minister Serik Zhumangarin instructed officials to examine the decline in freight gondola car and locomotive output and to consider ways to maintain sector growth.

Overall Economic Performance

Kazakhstan's real GDP grew 4.1% in January-August 2026, the same rate as in the previous two months. Construction expanded 15.6%, transport and warehousing 7.3%, trade 6%, agriculture 5.2%, and communications 4.4%. Metallurgy enterprises operated at 90-100% capacity, with ferrous metallurgy output up 2% on higher pig iron and steel production.