Oil production in Kazakhstan to exceed 100 million tonnes by 2030

The volume of oil production in Kazakhstan reached almost 86 million tonnes at the end of this year. It is expected that 67.6 million tonnes of them will be exported. Kazakh Energy Minister Magzum Mirzagaliyev said this at the Government’s meeting, summarizing the results of the industry’s development. According to him, there is a considerable potential for further increase in figures in the country. Also, the minister noted that they envisaged bringing the volume of oil production to 104.2 million tonnes by 2030 by maintaining the Karachaganak and expanding the Tengiz fields. The introduction of several more major initiatives is planned as well, he added.

“The construction of gas processing plants at the Kashagan field will allow producing three billion cubic meters of commercial gas and increasing oil production from 16 to 20 million tonnes per year. Work has begun on a project to develop Khazar and Kalamkas Sea fields in the Caspian Sea, which will produce four million tonnes of oil per year in 2028,” the minister said.

Translation by Saniya Sakenova

Editing by Galiya Khassenkhanova