Actual gas extraction in Kazakhstan exceeds planned volume

Baku, Azerbaijan, September 5

By Nargiz Sadikhova - Trend:

The volume of gas extraction in Kazakhstan amounted to 37.8 billion cubic meters during first eight months of 2019, which is 102.1 percent of the planned volume, the Minister of Energy of Kazakhstan said, Trend reports with reference to Kazakh media.

Bozumbayev made the statement during a ceremony within the framework of celebration of 120 years of Kazakhstan’s oil in Atyrau city.

According to him, the manufacturing of tank gas equaled 22.3 billion cubic meters during the reporting period, which is 105 percent to the plan.

“During 2019-2021, 100 projects on construction of gas infrastructure are to be implemented in Kazakhstan’s regions. Following their implementation, the gas supply level of the regions will exceed 51 percent,” Bozumbayev said.

He further noted that the oil reserves of Kazakhstan have increased by nearly six times.

“A significant increase in oil reserves from 5.3 billion barrels in 1990 to 30 billion barrels currently has been achieved. In the list of the leading oil exporting countries, Kazakhstan is now 12th by the volume of extractable oil reserves (4.6 billion tons) and 22nd by gas reserves (3.9 trillion cubic meters),” Bozumbayev added.

According to the minister, the volume of oil extraction also increased by over 3.5 times, i.e. from 25 million tons in 1991 to 90 million ton.

During years of the country’s independence, Kazakhstan has extracted over 1.5 billion tons of oil and 741 billion cubic meters of gas,and the total value of payments to the National Fund amounted to some 31.6 trillion tenge, Bozumbayev concluded.

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Follow the author on twitter: @nargiz_sadikh

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