Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 11 Feb 2026 by Evgeny Gavrilenkov

---

Jan 29Government: The US Chevron promises to take measures to ensure reliable and safe operation of facilities in the Tengiz oil field. LUKOIL: Russian company has signed an agreement with US Carlyle on the sale of its foreign assets, excluding those which are based in Kazakhstan. Jan 30 Agency for Regulation and Development of the Financial Market: The growth of consumer loans in Kazakhstan in 2025 slowed down from 33.5% y-o-y to 21% y-o-y amid stricter regulation. Jan 31 Energy Ministry: Oil production at the Tengiz field has been resumed after it was suspended due to a fire. Feb 1 OPEC+: The organization has set the total quota for February, including compensation from agreement violators, at 37.8 million barrels per day, which is 293,000 barrels per day less than in January. Kazakhstan’s compensation volume will rise from 280,000 barrels per day in January to 570,000 in February, meaning the country’s oil output will need to be around 1 mln bpd, down from 1.3 mln bpd the previous month. Feb 2 Energy Ministry: The Ministry of Energy of Kazakhstan and Gazprom have agreed to expand cooperation in the gas industry OPEC+: The four OPEC+ countries must compensate almost 4.3 mln bpd of excess production from January to June, according to the updated compensation schedule provided by OPEC. According to the updated schedule, Kazakhstan must reimburse 3.488 mln bpd from Dec’25 to Jun’26. ("debt" according to the previous schedule was 3.536 million bpd), NBK: The Bank plans to sell $350-450 million worth of FX from the National Fund in February, compared to $350 million in January, when it accounted for 6% of the total FX market trading volume, to transfer funds to the republ...