Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 13 Nov 2025 by Evgeny Gavrilenkov
increased by 3.3% m-o-m in October and reached $60.7 bln (18.6% YTD). President: Kazakhstan and Russia intend to increase trade turnover to $30 bln ($28 bln as of 2024). OPEC+: Kazakhstan reduced oil production by 155K bpd in October as a part of compensation of overproduction. President: Kazakhstan and Russia signed declaration on comprehensive strategic partnership and alliance. President: Kazakhstan and Russia discuss plans for cooperation in the extraction of rare earth metals. President: Kazakhstan and Russia agreed to strengthen cooperation on oil, and discussed gas transit to third countries. Energy Ministry: Kazakhstan is not currently negotiating the expansion of the Kashagan oil project. Energy Ministry: Kazakhstan expects a 6% y-o-y reduction in oil production in 2026. Energy Ministry: Kazakhstan is working to ensure that the Karachaganak project is not affected by US sanctions against LUKOIL.

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