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Kazakhstan extracts over 65 million tons of oil

Oil&Gas Materials 2 October 2019 17:11 (UTC +04:00)

Baku, Azerbaijan, October 2

By Nargiz Sadikhova – Trend:

Some 66.8 million tons of oil have been extracted in Kazakhstan during first nine months of this year, First Vice-Minister of Energy of Kazakhstan Makhambet Dosmukhambetov said, Trend reports with reference to the press office of prime minister of Kazakhstan.

According to Dosmukhambetov, development of oil and gas sector is displaying positive dynamic. This year the plan for oil extraction equals 89 million tons.

The extraction volume on three major oil fields amounted to 40.6 million tons, including 10.1 million tons on Kashagan, 22 million tons on Tengiz and 8.5 million tons on Karachaganak.

“Overhaul on Kashagan and Tengiz fields were held earlier this year. The overhaul on Karachaganak oil field was started on September 15 and is to be finished by October 13,” he said.

He added that the current speed of oil extraction will allow to extract over 89 million tons of oil thus, exceeding the planned volume.

The volume of gas extraction during the reporting period amounted to 41.9 billion cubic meters, and the production of sale gas equaled 24.7 billion cubic meters.

Manufacturing of bitumen stood at 702,000 tons. The volume completely covers the demand of road industry of the country. The planned manufacturing volume for 2019 is 767,000 tons.

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