Kazakhstan reports on rise of oil output in 2000

Feb 06, 2001 01:00 AM

Kazakhstan's Energy and Industry Minister Vladimir Shkolnik said that oil production levels had increased last year. Kazakhstani fields yielded a total of 35.3 mm tons of crude oil in 2000, up 17.3 % on the 1999 figure of 30.1 mm tons, he said. Output is expected to keep rising, he added, stating that the total amount of oil produced in 2001 was likely to reach 39.6 mm tons. This would represent a 12.2 % increase on the 2000 figure.

Shkolnik, who also serves as deputy prime minister, was speaking at a meeting of regional officials in Astana. Kazakhstan's oil production levels are expected to rise this year as new export routes are established. The most significant of these export corridors, the Caspian Pipeline Consortium (CPC) conduit from Tengiz to Novorossiisk, is due to begin pumping oil in mid-2001. The CPC pipeline is expected to carry 7-8 mm tons of oil to Novorossiisk this year.

Source: NewsBase
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