Minister: Crude oil production in Kazakhstan amounts to 81.8 million tons as of 2013

Astana, Kazakhstan, Jan. 21

By Daniyar Mukhtarov - Trend:

Crude oil production in Kazakhstan amounted to 81.8 million tons as of 2013 and the ratio of this figure to 2012 amounts to 103.2 percent. Gas production volume in the country in 2013 totaled 42.3 billion cubic meters, while oil refining was equal to 14.3 million tons. It is planned to produce around 83 million tons of oil, 41 billion cubic meters of gas and to process 14.7 million tons of oil in 2014, Kazakh Minister of Oil and Gas Uzakbai Karabalin told President Nursultan Nazarbayev, Acorda said.

Oil and Gas Minister Uzakbai Karabalin reported to the president on the results of the activities of the ministry in 2013, plans for the current period and the strategic objectives of the industry arising from the President's Address to the people of Kazakhstan.

Nursultan Nazarbayev emphasized the importance of attracting investments and strengthening works on the innovative development of industry, and also drew attention to the need to create industrial clusters around large oil and gas fields and facilities.

During the meeting, the minister presented to the president the Atlas of prospective oil and gas basins of Kazakhstan, developed by a group of research organizations led by the Kazakh Institute of Oil and Gas.

The Atlas will allow consideration of further prospective work in regional geological exploration.

In addition, the minister reported on the results of work on integrated research of 15 sedimentary basins of Kazakhstan, as well as prospects of the domestic geological exploration and creation of an oilfield cluster in the country.

Translated by L.Z.

Edited by C.N.

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