Kazakhstan’s fuel and energy industry is showing signs of growth. This year, Kazakhstan has increased oil production 6 percent, gas production 6.4 percent and electricity production 7.3 percent.
“In the first half of the year, fuel and energy industry show positive growth, with oil and condensate production reaching 45.2 million tonnes. The latter is an increase of 6.2 percent compared to the same period in 2017,” Kazakh Minister of Energy Kanat Bozumbayev said at a recent government meeting.
In particular, three major oil projects produced 27.2 million tonnes in total. Kashagan field production reached 6.2 million tonnes, Tengiz 14.7 million tonnes, Karachaganak 6.3 million tonnes. The total oil export is 36.5 million tonnes of oil, increased by six percent compared with the same period of 2009.
The volume of refined oil is 7.7 million tonnes, showing an increase of 5 percent in comparison with the same period last year.
The minister also said the volume of production of oil products at the three refineries reached 5.4 million tonnes. This figure increased 1.5 percent in comparison with the same period last year.
The volume of gas production was 28.1 billion cubic metres. Growth for the first half of the year is 6.4 percent. Gas exports reached 10.7 billion cubic metres, which is 35.4 percent more than in 2017. At that, 1.5 million tonnes of liquefied petroleum gas was produced, which is 4.8 percent more than in the period of last year. Petroleum bitumen production is 375,000 tonnes, which is 30 percent more than in the last year. The export of bitumen reached 23,800 tonnes, which is 19 percent higher than in the same period in 2017.
Electricity production reached to 54.5 billion kWh with an increase of 7.3 percent.
“In general, the situation in the market of petroleum products is stable and there is no deficit on fuel and lubricants. The quantity of fuel residues is sufficient to cover the domestic market’s demand for gasoline (351,000 tonnes), diesel fuel (255,000 tonnes) for a month,” the minister said.
Oil refineries have delivered 375,000 tonnes of fuel for agricultural producers for their spring sowing campaign.
The volume of coal production (excluding coal concentrate) is 52 million tonnes, showing an increase of 5.1 percent compared to the same period of the last year.