Kazakhstan plans to produce more than 60 million tons of oil in January-August 2026, as the country seeks to restore production volumes, according to the results of a meeting of the Economic Growth Support Headquarters chaired by Deputy Prime Minister and National Economy Minister Serik Zhumangarin.
The meeting reviewed Kazakhstan’s economic performance over the first seven months of 2026 and plans for January-August, with particular attention given to the mining sector and the recovery of oil production, Caliber.Az reports, citing the PM’s website.
Kazakhstan produced 53.2 million tons of oil in the first seven months, equivalent to 91.1% of the figure recorded during the same period last year. Total oil production is expected to exceed 60 million tons in the first eight months.
The manufacturing sector grew by 9% over the seven months. Some decline was recorded in metallurgy, with the physical volume index standing at 97.3%, including 95.4% in non-ferrous metallurgy. This was mainly due to lower gold production, although output has been recovering for the second consecutive month. Kazakhstan produced 39.3 tons of gold in January-July, with the January-August target set at 45.8 tons.
The government expects the physical volume index in non-ferrous metallurgy to reach 103% by the end of the year.
Summing up the meeting, Zhumangarin instructed government agencies and major enterprises in the non-resource sector to conduct a detailed analysis of factors constraining production. Each sector is to hold meetings with key producers, identify existing barriers and take measures to remove them.
“We need to work directly with enterprises and understand the situation at each major producer: what restrictions exist on increasing production, where a government agency needs to make a decision, and where assistance is needed with infrastructure, raw materials or other issues. Our task is to identify such barriers promptly and help remove them,” Zhumangarin said.
By Bakhtiyar Abbasov
