Kazakhstan Plans to Produce 86 Million Tons of Oil in 2021

 Kazakhstan intends to produce 86 million tons of oil next year, said the Minister of National Economy of the Republic Ruslan Dalenov.

“The volume of oil production will be at the level of 86 million tons in 2021, 89.6 million tons in 2022 and 100.8 million tons in 2023. The oil price is set at $ 35 per barrel in 2021-2023, taking into account a conservative approach,” Dalenov said at a government meeting on Tuesday, presenting the draft budget for 2021-2023.

According to him, it is planned to produce 100.7 million tons of oil in 2025.

Earlier, Kazakhstan planned to increase oil production to 100 million tons in 2024. 

According to the Ministry of Energy of Kazakhstan, the forecast for oil production in Kazakhstan in 2020, taking into account condensate, is currently 85.2 million tons.