Kazakhstan secured its place as the European Union’s third-largest crude oil supplier in 2024, delivering an average of 1.05 million barrels per day (Mb/d), according to a report by Econovis released on May 14.The EU imported a total of 9.1 Mb/d of crude oil last year.

The United States led the pack, supplying 1.40 Mb/d (15.4%), followed closely by Norway at 1.10 Mb/d (12.1%), with Kazakhstan contributing 11.5% of the total volume.

“Kazakhstan’s growing role in supplying crude oil to the EU highlights its strategic importance in the global energy market,” the Econovis report noted.Other key crude oil exporters to the EU included Libya, Saudi Arabia, Iraq, Nigeria, Brazil, and the United Kingdom.

This milestone underscores Kazakhstan’s expanding influence and the diversification of the EU’s energy sources amid shifting global energy dynamics.