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In the first quarter, Kazakhstan's oil and gas companies reduced oil production by 0.2%

Views:0     Author:Site Editor     Publish Time: 2020-05-05      Origin:Site

Source: Ministry of Commerce April 30, 2020

Interfax News Agency, Nur-Sultan, April 29, Kazakhstan National Oil and Gas Company announced that in the first quarter of 2020, the company produced 5.929 million tons of crude oil and condensate oil, a year-on-year decrease of 0.2%; natural gas and associated gas production 22.6 100 million cubic meters, an increase of 4% year-on-year.

During the statistical period, Kazakhstan Oil and Gas Company obtained a share of 2.184 million tons of oil and 1.597 billion cubic meters of gas in the three major oil fields of Tianjiz, Kashagan and Karachaganak, up 4.6% and 5.9% year-on-year respectively. Delivery of crude oil was 18.517 million tons, a year-on-year decrease of 5.8%; delivery of natural gas was 28.32 billion cubic meters, an increase of 9.4% year-on-year. 5.922 million tons of crude oil were sold, of which exports accounted for 69%. Sales of natural gas were 7.802 billion cubic meters, a year-on-year increase of 7.8%. Among them, 2.565 billion cubic meters of natural gas was exported, and exports to China accounted for 76%. Affected by the epidemic, the scale of natural gas exports to China in the first quarter was lower than the planned target, but it still increased by 10% compared with the same period last year. (Business Section of the Embassy in Kazakhstan)


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