Oil production growth in Caspian region halts in 2011
Kazakhstan, Astana, April 25 / Trend, D. Mukhtarov /
The growth of oil production in the Caspian region halted in 2011, IHS CERA Senior Director Mathew Sagers said during the Russian and Caspian Energy roundtable in Astana on Wednesday.
He said last year the region saw a 2.8-percent decline in oil production reaching 137.4 million tons.
The index of oil production in Kazakhstan, according to Sagers, grew by 0.4 percent to 80 million tons after increasing by 4.2 percent in 2010.
"Primarily, the growth of oil production in Kazakhstan was observed at the expense of Tengiz field in 2010, but with a slight decline in 2011," Sagers said.
He said oil production in Turkmenistan hit 11 million tons (a 2.8 percent increase) in 2010, while in 2011 it reached 12 million tons (a 9.1 percent increase).