Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 12 Mar 2026 by Evgeny Gavrilenkov
Feb 26 National gas company: QazaqGaz and the Qatari UCC Holding have developed a project design for the construction of a second gas processing plant at Kashagan with an annual capacity of 2.5 bcm. EBRD: The bank upgraded Kazakhstan's 2026 GDP growth forecast from 4.5% to 4.7%. Tengizchevroil: Oil production at the Tengiz field gradually recovers after being suspended in January due to power supply problems. Feb 27 Energy ministry: Oil production in Kazakhstan in 2025 was about 99.6 mln tons (up by 13.5%). Energy Ministry: Kazakhstan currently has no problems with oil transportation via the CPC. Energy ministry: Oil exports from Kazakhstan in 2026 will remain at the same level as in 2025 (78.7 mln tons). Energy ministry: Oil production at the Tengiz field has almost completely recovered. Grain Union of Kazakhstan: Kazakhstani farmers in 2026 may lose about KZT200 bln due to changes in the Tax Code, due to reduced VAT refunds to grain exporters. Energy ministry: Kazakhstan exported 1.2 mln tons of oil via the Baku-Tbilisi-Ceyhan oil pipeline in 2025, the Azerbaijani side expressed its readiness to increase transportation of Kazakh oil to 2.2 mln tons per year. Energy ministry: Kazakhstan intends to decrease oil refining by 1% this year. KMG: Transportation of oil, extracted by the company in 2025, fell by 0.2%. Mar 2 Ministry of transport: The largest Boeing aircraft maintenance center in Central Asia will be built in Kazakhstan. Bureau of National Statistics: Inflation in Kazakhstan in February was 1.1% m-o-m (11.7% y-o-y) against 1% m-o-m and 12.2% y-o-y in January. NBK: In February, the Bank sold proceeds from gold exports on the domestic FX market equivalent to KZT...

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