Kazakhstan's oil production to decrease, OPEC says
By Aynur Karimova
OPEC predicts a decrease in energy-rich Kazakhstan’s oil production in 2015.
In its monthly report published on June 10 OPEC said Kazakhstan's oil supply is expected to decrease by 10,000 barrels per day to average 1.61 million bpd in 2015.
In April Kazakhstan's oil output declined by 54,000 bpd to 1.61 million bpd.
"On a quarterly basis in 2015, output will average 1.66 million bpd, 1.60 million bpd, 1.59 million bpd and 1.61 million bpd, respectively," OPEC noted.
Kazakhstan produces oil mainly from its largest Karachaganak and
Tengiz fields.
Karachaganak field is one of the world's largest fields. Its oil
reserves amount to 1.2 billion tons while natural gas reserves are
estimated at 1.35 trillion cubic meters.
About 49 percent of Kazakhstan's gas production and 18 percent
of oil production are extracted from this field.
The Tengiz field in the west of the country is one of the deepest
and largest oil fields in the world. Total estimated reserves
amount to three billion tons (26 billion barrels).
Another large oil and gas field - Kashagan is located in the north
of the Caspian Sea. Oil production at Kashagan started in September
2013, but its operation has been suspended when a gas leak appeared
from the ground pipeline.
--
Aynur Karimova is AzerNews’ staff journalist, follow her on
Twitter: @Aynur_Karimova
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!