Kazakhstan’s oil balance reserves disclosed

Oil&Gas Materials 20 August 2021 14:15 (UTC +04:00)
Kazakhstan’s oil balance reserves disclosed

BAKU, Azerbaijan, Aug. 20

By Klavdiya Romakayeva - Trend:

The balance reserves of oil in Kazakhstan amount to 4.4 billion tons, gas - 3.8 trillion cubic meters, condensate - 414 million tons, Trend reports with reference to the press service of the Ministry of Ecology, Geology and Natural Resources of Kazakhstan.

According to the information, in Kazakhstan, more than 8,000 deposits are registered in the state balance of minerals in general, including 317 hydrocarbons, 910 solid minerals, more than 3,000 common minerals, and about 4,000 groundwater deposits.

The balance reserves of oil (in categories A + B + C1 + C2) amount to 4.4 billion tons, gas - 3.8 trillion cubic meters, condensate - 414 million tons. Most of them are in Atyrau (75 percent) and Mangistau (11 percent) regions.

At the same time, 68 percent of hydrocarbon reserves fall on three large fields, in particular Tengiz, Kashagan, and Karachaganak.

The main reserves of gold deposits are in the East Kazakhstan region - 36 percent, Akmola - 21 percent, Karaganda - 11 percent. Some 82 percent of copper reserves are concentrated in the eastern and central regions of the country.

In the field of geology, over the years of independence, the country has implemented sectoral programs for the development of the resource base of the country's mineral resource complex for 2003-2010, for 2010-2014. Since 2016, target indicators have been integrated into the strategic plan of the ministry.

The mineral resource complex of Kazakhstan has fully adapted to the requirements of the world market. More than a thousand deposits have been transferred to subsoil use, and at present, they bring income to the state and provide employment for the population. Today Kazakhstan has 1,630 subsoil use objects.

In order to eliminate emergency oil wells that pollute the environment, surveys of the country's territory were carried out in the period from 2010 to 2021. During the survey, 132 emergency oil wells were identified, of which 126 were liquidated.


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