This suggests that Kazakhstan’s economy is becoming less dependent on oil and other raw materials. The Ministry of National Economy said economic growth has remained stable despite lower oil production and continued volatility in global markets. Oil output fell by 8.9% year-on-year in January–July, reaching 53.2 million tonnes. For comparison, Kazakhstan produced around 99.6 million tonnes of oil in 2025. Despite the decline in oil output, the latest figures indicate that Kazakhstan’s broader economy continues to expand — a potentially important sign for its diversification strategy.