KazMunayGas 9M 2025 Trading Update
- Oil and gas condensate production increased by 10% to 19,843 thousand tonnes.
- Hydrocarbon processing at refineries rose by 11.7% to 15,770 thousand tonnes.
- Tengiz oil production grew by 41.8% due to the Third Generation Plant.
- Kashagan oil production decreased by 2% due to higher gas content.
Production Overview
In the first nine months of 2025, oil and gas condensate production increased by 10% to 19,843 thousand tonnes. The production of associated and natural gas rose by 20.1% to 8,652 million m³.
Transportation and Processing
Oil transportation volumes decreased by 1.1%, totaling 62,503 thousand tonnes. Meanwhile, hydrocarbon processing at Kazakh and Romanian refineries increased by 11.7%, reaching 15,770 thousand tonnes.
Operating Assets
Oil production at Ozenmunaigas, Embamunaigas, and Mangistaumunaigas remained stable compared to the previous year. Embamunaigas experienced a 10.5% increase in gas production due to new wells with higher gas factors.
Megaprojects
Tengiz saw a 41.8% increase in oil production, reaching 6,093 thousand tonnes, driven by the Third Generation Plant's commissioning. Associated gas production at Tengiz rose by 49.5% to 3,499 million m³.
At Kashagan, oil production decreased by 2% to 2,259 thousand tonnes due to higher gas content, while gas production remained consistent with the previous year at 1,479 million m³.
Karachaganak's oil and condensate production increased by 3.2% to 823 thousand tonnes, attributed to higher gas reinjection volumes. Gas production before reinjection grew by 10.8% to 1,888 million m³.
Source: KMG