Production in renewable energy sector up by over 30% in Kazakhstan

Oil&Gas Materials 26 September 2019 15:56 (UTC +04:00)

Baku, Azerbaijan, Sept.26

By Nargiz Sadikhova – Trend:

The volume of production in Kazakhstan’s renewable energy sector increased by 31.7 percent during 1H2019, Prime Minister of Kazakhstan Askar Mamin said, Trend reports with reference to the press office of the prime minister.

Mamin made the statement within the opening ceremony of the XII Kazenergy Eurasian Forum "Future of Energy Sources: Innovative Growth”. He noted that Kazakhstan is increasing the efficiency and productivity of traditional energy sources alongside systematically strengthening its position as a regional leader in the field of renewable energy sources.

“Since the Expo in Astana in 2017, Kazakhstan has achieved significant success in introducing comprehensive green measures into the economy. To date, we have expanded our portfolio of renewable energy sources to more than 3,000 megawatts. The volume of production in Kazakhstan’s renewable energy sector increased by 31.7 percent during 1H2019,” Mamin said.

Prime minister added that Kazakhstan produces about 90 million tons of oil per year, which makes the country one of the 15 largest world producers.

“This year, we plan to process 17.2 million tons of oil compared to 14.9 million in 2014. This will allow us to almost completely cover our domestic needs for several petroleum products. Natural gas production is expected to exceed 55 billion cubic meters in 2019. At the current pace, we will produce more than 80 billion cubic meters by 2027,” Mamin said.

The prime minister noted that the existing portfolio of projects at the stages of implementation and development is intended to turn Kazakhstan into the world's largest exporter of polyethylene and polypropylene.

“The increase in demand for gas production equipment has led to significant success in gas chemical engineering. The volume of production in the sector from 2016 to 2018 increased by almost 40 percent – from 39.4 billion to 54.8 billion tenge, which reflects the growing potential of diversification for the entire economy,” Mamin emphasized.


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