Kazakhstan to Increase Gas and Oil Production
In 2023, Kazakhstan maintained its strong global market position by producing nearly 90 million tons of oil and nearly 60 billion cubic meters of gas. According to the Kazakh Ministry of Energy's report on April 26, gas production is anticipated to increase slightly to just over 60 billion cubic meters this year.
In 2023, Kazakhstan exported 70.5 million tons of oil, with 17.5 million tons supplied to the domestic market. This marked an increase from 2022 when out of 84.2 million tons of oil produced, 64.3 million tons were exported, and 17.9 million tons were allocated for the domestic market.
According to Askhat Khasenov, Vice Minister of Energy in Kazakhstan, domestic enterprises are preparing to enhance their oil processing capacities to 27 million tons annually.
The Shymkent Oil Refinery aims to double its annual oil processing capacity from 6 to 12 million tons. Similarly, the Pavlodar Oil Refinery plans to increase its capacity from 5.5 to 8 million tons annually through a two-phased approach. CaspiBitum anticipates raising its oil processing capacity from 1 to 1.5 million tons per year, while the Atyrau Oil Refinery targets an increase from 0.7 to 1 million tons per year in secondary oil processing capacities.
“These projects signify a concerted effort to increase the depth of oil processing, at refineries from 75-80% to 87%. This will improve the quality of light oil products available in the domestic market and produce high-value petrochemical products,” said Khasenov.(Source:astanatimes)
