Kazakhstan increases oil production due to Kashagan

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Oil production in Kazakhstan is 86 million tons in 2017, Energy Minister Kanat Bozumbayev said.

“The plan for production has been fulfilled, and there are expectations that there will be more – 86 million tons of oil in 2017, I think. Yesterday (December 25) there was 84.5 million tons of oil, and there is still an opportunity to extract 1.5 million tons,” he said at a briefing in Astana on 26 December.

Previously, the Ministry of Energy planned to produce 85.5 million tons of oil in 2017.

Bozumbayev noted that the largest contribution to the growth of hydrocarbon production in Kazakhstan was made by the Kashagan field. “Kashagan is in the first place in terms of contribution to production growth, and Karachaganak has remained at the same level,” he said.

In 2016, Kazakhstan produced 78 million tons of oil.

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