Kazakhstan Oil & Gas Downstream Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | < 3.78 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Kazakhstan Oil & Gas Downstream Market Analysis
The Kazakh oil and gas downstream market is expected to register a CAGR of approximately 3.78% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, factors such as the increasing demand for natural gas and increasing investments in refineries are expected to boost the demand for the Kazakh oil and gas downstream market during the forecast period.
- However, Kazakhstan's natural gas requires better refining equipment due to the high value of hydrogen sulfide proportion, which may restrain the country's oil and gas downstream market.
- In 221, sizeable crude oil discoveries were made in southern Kazakhstan, which may result in significant reserves and offer an opportunity for new refineries that are anticipated to process the crude oil in the country.
Kazakhstan Oil & Gas Downstream Market Trends
This section covers the major market trends shaping the Kazakhstan Oil & Gas Downstream Market according to our research experts:
Oil Refining Segment is Expected to Witness Significant Growth
- Kazakhstan is the largest economy in Central Asia and is home to more than 18 million people. The country is rich in coal, oil, natural gas, and uranium. It has seen significant growth in its exploration and production activities in recent years.
- In 2021, the country reached 391 thousand barrels of daily refinery throughput, which grew by 14.33% compared to 342 thousand barrels of daily refinery throughput in 2015.
- Kazakhstan's primary export oil grade is the Caspian Pipeline Consortium (CPC) blend. CPC blend is of light quality with an API of 45.3掳 and sweet crude (0.56% sulfur), which is of high value for its high yield of gasoline and light distillates. Most of the CPC blend is produced from the Tengiz field.
- In September 2022, the Minister of Energy, Bolat Akchulakov, announced their plans to extend the existing oil refinery in Shymkent to 9 million ton of oil per year.
- In November 2022, the government of Kazakhstan announced its plan to invest USD 2.9 billion into the development of the Ulytau region. According to the new development plan, the government is aiming to build a new oil refinery in the town of Jezkazgan between 2022 and 2026, with a capacity of 1 million ton.
- Apart from the oil refinery, the development plan also includes 16 smaller industrial projects to be implemented in the region by 2026 with a capacity of 1 million ton. Together, these projects cost around USD 1.6 billion. The country's oil refining capacity is expected to grow slightly during the forecast period due to the expansion of refineries and an increase in the demand for refined oil.
- Owing to such developments, the oil refinery segment is expected to dominate the Kazakh oil and gas downstream market during the forecast period.
Increasing Natural Gas Consumption to Drive the Market
- Kazhakstan is the 12th largest producer of natural gas. Over the past few years, the county has constantly been increasing its gas production. As of 2021, the country produced 32 billion cubic meters of natural gas.
- The penetration rate of natural gas in Kazakhstan considerably increased between 2013 and 2021. As of 2021, 55% of households across the country had access to natural gas.
- In 2021, Kazakhstan's Ministry of Energy announced USD 116.8 million for implementing 146 oil and gas projects across the country. The allocated budget is utilized for the extension of gas networks, providing access to gas for around 10,388 thousand people within the country.
- In July 2022, the QazaqGaz National Company (Joint Stock Company) started constructing a gas processing plant at the Kashagan oil field with a projected capacity of 1 billion cubic meters (bcm) of natural gas. The company plans to expand its resource base through new gas exploration and production projects.
- Hence, increasing natural gas consumption and production may result in significant growth in the market during the forecast period.
Kazakhstan Oil & Gas Downstream Industry Overview
The Kazakh oil and gas downstream market is consolidated. The major companies (in no particular order) include National Company JSC (KazMunayGas), PJSC Lukoil Oil Company, PetroKazakhstan Inc., KazTransOil JSC, and Kazakhstan Petrochemical Industries Inc. LLP.
Kazakhstan Oil & Gas Downstream Market Leaders
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National Company JSC (KazMunayGas)
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PJSC Lukoil Oil Company
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KazTransOil JSC
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PetroKazakhstan Inc
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Kazakhstan Petrochemical Industries Inc. LLP
*Disclaimer: Major Players sorted in no particular order
Kazakhstan Oil & Gas Downstream Market News
- In June 2022, through its subsidiary, Chevron Munaigas Inc., Chevron Corp. and JSC NC 'KazMunayGas' (KMG) announced an MoU to explore potential lower carbon business opportunities in Kazakhstan. Chevron and KMG plan to evaluate the potential for lower carbon projects in areas such as carbon capture, utilization, and storage (CCUS).
Kazakhstan Oil & Gas Downstream Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Refining Capacity Installed and Forecast, in thousand barrels per day, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 Refineries
5.1.1 Overview
5.1.1.1 Existing Infrastructure
5.1.1.2 Projects in Pipeline
5.1.1.3 Upcoming Projects
5.2 Petrochemicals Plants
5.2.1 Overview
5.2.1.1 Existing Infrastructure
5.2.1.2 Projects in Pipeline
5.2.1.3 Upcoming Projects
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 National Company JSC (KazMunayGas)
6.3.2 PJSC Lukoil Oil Company
6.3.3 PetroKazakhstan Inc.
6.3.4 KazTransOil JSC
6.3.5 Kazakhstan Petrochemical Industries Inc. LLP
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Kazakhstan Oil & Gas Downstream Industry Segmentation
The oil and gas downstream segment includes the distribution, sales, marketing, and retailing of oil and gas byproducts.
The Kazakh oil and gas downstream market is segmented by type into refineries and petrochemical plants. For each segment, the market size and forecasts are given in USD billion.
| Refineries | |||||
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| Petrochemicals Plants | |||||
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Kazakhstan Oil & Gas Downstream Market Research FAQs
What is the current Kazakhstan Oil and Gas Downstream Market size?
The Kazakhstan Oil and Gas Downstream Market is projected to register a CAGR of less than 3.78% during the forecast period (2024-2029)
Who are the key players in Kazakhstan Oil and Gas Downstream Market?
National Company JSC (KazMunayGas), PJSC Lukoil Oil Company, KazTransOil JSC, PetroKazakhstan Inc and Kazakhstan Petrochemical Industries Inc. LLP are the major companies operating in the Kazakhstan Oil and Gas Downstream Market.
What years does this Kazakhstan Oil and Gas Downstream Market cover?
The report covers the Kazakhstan Oil and Gas Downstream Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Kazakhstan Oil and Gas Downstream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Kazakhstan Oil & Gas Downstream Industry Report
Statistics for the 2024 Kazakhstan Oil & Gas Downstream market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Kazakhstan Oil & Gas Downstream analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
