On Wednesday, January 28, 2026, Energy Minister Erlan Akkenzhenov summarized the preliminary results of the oil and gas industry for the past year and assessed the impact of external factors on the country's export potential, Zakon.kz reports.
Speaking at a briefing in the Majilis, the Minister of Energy announced that Kazakhstan had lost significant volumes of crude oil due to attacks on the Caspian Pipeline Consortium (CPC) infrastructure.
"We lost approximately 3.8 million tons of oil at CPC. This is exports, and, accordingly, production—all of this is extrapolated by reverse calculation," Erlan Akkenzhenov explained.
Despite these losses, the Minister emphasized that the country managed not only to meet but also to exceed its production targets. The ministry promises to release the exact figures after all calculations are completed.
Responding to journalists' questions about possible oil overproduction and violations of international quotas, Akkenzhenov called such claims premature. He recalled that expert agencies would issue an official verdict on the participating countries' production volumes at the end of this week.
The minister highlighted several factors that are keeping Kazakhstan within the agreed-upon limits:
Incidents at the fields: Unscheduled shutdowns and technical incidents at the largest projects—Tengiz and Karachaganak—led to a natural decline in production.
OPEC Schedule: The organization's final meeting will be held next Sunday, where data from independent agencies will be presented.
According to the minister, the combination of technical difficulties at the fields and logistical constraints has effectively led to Kazakhstan strictly adhering to the stated limits.
CentralasianLIGHT.org
January 28, 2026