Kazakhstan to launch oil accounting information system

Oil&Gas Materials 30 June 2021 15:19 (UTC +04:00)

BAKU, Azerbaijan, June 30


The oil accounting information system will start operating in Kazakhstan by late 2020, Trend reports citing the Ministry of Energy of Kazakhstan.

According to the ministry, more than 60 percent of the oil and gas condensate produced in the country will be monitored online.

“To date, the project has been launched in pilot mode. Seven oil producing organizations, four oil transportation organizations and three oil refineries are connected,” the ministry said.

“In 2021, it is planned to put into commercial operation an information system for accounting for oil and gas condensate,” said Kazakhstan’s Energy Minister Nurlan Nogayev at a reporting meeting before the population.

The information system will be connected to companies that carry out more than 60 percent of the total production and processing of oil and gas condensate in Kazakhstan.

In 2020, 85.7 million tons of oil were produced in the country. The plan for 2021 is 85.3 million tons.

Oil refining in 2020 amounted to 15.8 million tons (the plan for 2021 is 17 million tons).

The volume of production of petroleum products last year amounted to 11.5 million tons.

Kazakhstan plans to produce 12.4 million tons of oil products in 2021.