Kazakhstan extracts nearly 60 million tons of oil
Baku, Azerbaijan, September 5
By Nargiz Sadikhova - Trend:
The volume of oil extraction in Kazakhstan amounted to 59.8 million tons during the first eight months of 2019, which is 1.5 percent more than the planned volume, Minister of Energy of Kazakhstan Kanat Bozumbayev said, Trend reports with reference to Kazakh media.
Bozumbayev made the statement within the framework of celebration of 120 years of Kazakhstan’s oil in Atyrau city.
According to the minister, the volume of extraction within three main projects amounted to 36 million tons, including 8.6 million tons at the Kashagan field, 19.5 million tons at Tengiz field and 7.9 million tons at Karachaganak field.
“The current oil extraction momentum allows to exceed the planned annual volume of extraction of 89 million tons,” Bozumbayev said.
Furthermore, over the reporting period, the volume of oil processing amounted to 11.2 million tons, which is six percent more compared to the same period of last year.
Thus, the manufacturing of petrol increased by 14.3 percent, diesel fuel by 9.6 percent, jet fuel by 212 percent.
“The increase of the petroleum products production has affected the retail market, which displayed the decrease of petrol price since the beginning of the year,” Bozumbayev noted.
He further added, that the export of petroleum products has been increased by over five times and exceeded 66 million tons to 36 countries.
“In order to maintain the manufacturing, the launch of petrol export has been developed. Starting from July 2019 Kazakhstan has become a net-exporter of car petrol and has exported over 15,000 tons of RON-92 petrol,” the minister concluded.
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