Kazakhstan's 2020 oil output below plan as COVID-19 affects energy sector

Oil&Gas Materials 12 January 2021 12:58 (UTC +04:00)
Kazakhstan's 2020 oil output below plan as COVID-19 affects energy sector

BAKU, Azerbaijan, Jan. 12

By Nargiz Sadikhova - Trend:

Kazakhstan has extracted 85.7 million tons of oil in 2020, which is compared to the plan of 90 million tons for the year, Kazakhstan’s Minister of Energy Nurlan Nogayev said, Trend reports citing the press office of the government.

Nogayev explained that in connection with the spread of the coronavirus and strict restrictive measures in many countries, a decrease in the consumption of oil and oil products in the world, the rapid accumulation of oil and oil products and the risks of overflowing world oil depots, the Government introduced restrictive measures on oil production in 2020. In addition, the OPEC+ countries have taken similar measures to limit oil production.

Nogayev noted that 26.4 million tons of the volume were extracted at Tengiz field (corresponds to the plan), 15.1 million tons at Kashagan field (corresponds to the plan), 12 million tons were extracted at the Karachaganak field (3 percent above the plan).

During the reporting period of 2020 Kazakhstan has also exported 68.5 million tons of oil which is 1.8 percent more than the plan.

Furthermore, Kazakhstan has extracted 55.2 billion cubic meters of gas during the reporting period, which also meets the plan. Liquefied gas production amounted to 3.2 million tons, which meets the plan. Gas export stood at 10.7 billion cubic meters, which is 2 percent more than the plan.

Some 11.5 million tons of oil were refined from Jan. through Dec. 2020. Thus, production of petrol was 4.4 million tons, of diesel fuel 4.5 million tons, fuel oil was 2.1 million tons, jet fuel was 438,000 tons, bitumen was 1 million tons.

In turn, the volume of petrochemical goods production amounted to 359,300 tons, which is 3 percent more than the plan. During the reporting period Kazakhstan has also generated 108 billion kWh of electricity.

Kazakhstan’s uranium output equaled 19,500 tons, which is 1 percent more than the plan.


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