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Kazakhstan Oil and Gas Market Trends, Growth & Revenue 2031
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Kazakhstan Oil and Gas Market Trends, Growth & Revenue 2031

Segments - Kazakhstan Oil and Gas Market by Upstream (Location of Deployment [Onshore and Offshore], and Others), Midstream (Transportation, Storage, and LNG Terminals), Downstream (Refineries and Petrochemicals Plants), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-3345 | 4.1 Rating | 60 Reviews | 203 Pages | Format : PDF Excel PPT

Report Description


Kazakhstan Oil and Gas Market Outlook

The Kazakhstan Oil and Gas Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3% during 2023–2031. The growth of the market is attributed to rising energy needs and ongoing marine exploration and production initiatives.

The oil and gas sector are divided into three key operations such as upstream, midstream, and downstream. The complete process entails the extraction, storage, and refining of petroleum products.  

Kazakhstan Oil and Gas Market Outlook

Kazakhstan's future oil and gas consumption will rise due to crucial variables such as a robust economy, population expansion, and fuel economy.  As the country's infrastructure continues to rely significantly on petroleum-based goods, the country's dependency on oil and gas is expected to grow. Market participants are also pursuing a number of investment initiatives in order to meet the rising demand for oil and gas products. Government policies and assistance for oil and gas exploration and production play a significant role in the sector, encouraging businesses to increase their investments in Kazakhstan.

The ongoing COVID-19 epidemic had a significant impact on many industries, but the worldwide oil and gas industry has been particularly heavily struck. Many oil and gas corporations have been forced to shut down Covid-19, which had an adverse impact on output in both upstream and downstream activities.

  • Increasing demand of natural gas and rising investment in refineries is anticipated to boost the market during the forecast period.
  • Increased refined products and recommendations to fix oil production are expected to grow the Kazakhstan oil and gas market, during the forecast period. 
  • Lack of skilled labor act as main challenge that can hinder the market in the coming years. 
  • The high value of hydrogen sulphide in natural gas necessitates improved refining equipment is estimated to hamper the market growth.
  • R&D in the oil and gas sector has proceeded, with a strong emphasis on expanding gas processing and refining capacity to provide lubricative opportunities for Kazakhstan's oil and gas market players.

Scope of Kazakhstan Oil and Gas Market Report

The report on the Kazakhstan oil and gas market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Oil and Gas Market - Kazakhstan Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Upstream (Location of Deployment [Onshore and Offshore], and Others), Midstream (Transportation, Storage, and LNG Terminals), Downstream (Refineries and Petrochemicals Plants)

Country

Kazakhstan

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Chevron Corporation; Karachaganak Petroleum Operating B.V.; National Company JSC (KazMunayGas); PJSC Gazprom; and PJSC Lukoil Oil Company

Kazakhstan Oil and Gas Market Segment Insights

The onshore segment is expected to grow at a rapid pace

Based on upstream, the market is bifurcated into location of deployment and others. The location of deployment segment is further classified as onshore and offshore. The onshore segment is expected to grow at a rapid pace during the forecast period owing to continued focus on improving oil and gas production. However, the offshore segment is anticipated to hold a key share of the market in the coming years.  Increasing production of oil and rising investment on offshore is expected to boost the segment.

Kazakhstan Oil and Gas Market Upstream

The transportation segment is projected to expand at a considerable CAGR

On the basis of midstream, the market is segregated into transportation, storage, and LNG terminals. The transportation segment is projected to expand at a considerable CAGR during the forecast period owing to increasing demand for petroleum products and crude oil for refining. On the other hand, the storage segment is anticipated to account for a major market share during the forecast period attributed to increasing involvement of government and private players in the deployment of storage facilities.

The petrochemicals plants segment is anticipated to account for a significant market share.

Based on downstream, the market is fragmented into refineries and petrochemicals plants. The petrochemicals plants segment is predicted to account for a significant market share during the forecast period owing to increasing consumption of petroleum, natural gas, and petrochemical products. Moreover, major Kazakhstan enterprises are working on petrochemicals plants, variety of oil and gas pipeline projects and contracts to grow their production capacity and maintain their position in the oil and gas industry.

Kazakhstan Oil and Gas Market Downstream

Segments

The Kazakhstan oil and gas market has been segmented on the basis of

Upstream

  • Location of Deployment
    • Onshore
    • Offshore
  • Others

 Midstream

  • Transportation
  • Storage
  • LNG Terminals

 Downstream

  • Refineries
  • Petrochemicals Plants

Country

  • Kazakhstan

Key Players

Competitive Landscape

The Kazakhstan oil and gas market are moderately integrated. Key players competing in the Kazakhstan oil and gas market include Chevron Corporation; Karachaganak Petroleum Operating B.V.; National Company JSC (KazMunayGas); PJSC Gazprom; and PJSC Lukoil Oil Company.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Kazakhstan Oil and Gas Market Key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil and Gas Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Oil and Gas Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Oil and Gas Market - Supply Chain
  4.5. Global Oil and Gas Market Forecast
     4.5.1. Oil and Gas Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oil and Gas Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oil and Gas Market Absolute $ Opportunity
5. Global Oil and Gas Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Oil and Gas Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Oil and Gas Demand Share Forecast, 2019-2026
6. North America Oil and Gas Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Oil and Gas Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Oil and Gas Demand Share Forecast, 2019-2026
7. Latin America Oil and Gas Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Oil and Gas Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Oil and Gas Demand Share Forecast, 2019-2026
8. Europe Oil and Gas Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Oil and Gas Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Oil and Gas Demand Share Forecast, 2019-2026
9. Asia Pacific Oil and Gas Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Oil and Gas Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Oil and Gas Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil and Gas Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Oil and Gas Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Oil and Gas Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Oil and Gas Market: Market Share Analysis
  11.2. Oil and Gas Distributors and Customers
  11.3. Oil and Gas Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

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