Kazakhstan's oil output growing slowly

Oct 07, 1998 02:00 AM

Kazakhstan expects to produce around 30 mm tonnes (600,000 bpd) of oil in 1999, versus about 28 mm (560,000 bpd) in 1998, the head of Kazakhoil said.
"Next year it (production) has been forecast at a level of around 30 mm tonnes," Nurlan Kapparov said at a conference in Kazakhstan's Almaty. Output this year would be 28 mm tonnes, he said.
Kapparov said that conditions for the Kazakh oil sector were difficult, with access through Russia's pipeline system limited and world oil prices depressed.
But he said that foreign companies, who have already spent billions of dollars in the vital sector, would stick to their commitments to the vast, resource-rich Central Asian republic.
Major investors in Kazakhstan's energy sector include Chevron and Mobil and British Gas.
Kapparov said Kazakhstan had been expecting to produce around 29 mm tonnes of oil and gas condensates this year, but problems facing the huge Karachaganak gas and condensate field in the north-west of the country had trimmed expectations.
He said that the fall in oil prices would cost around $ 100 mm in lost budget revenues for the state.

Source: not available
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2018 »
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events