Kazakhstan reduces oil and gas condensate output by 4.4% to 32.4m tonnes in January-May 2016

In May 2016 oil and gas condensate production fell by 10.8% year on year to 6.2m tonnes.

The output of oil and gas condensate decreased by 4.4% year on year to 32.38m tonnes in Kazakhstan in January-May 2016. Out of total oil output stood at 27.67m tonnes (down by 2.8% year on year) and gas condensate production was 4.71m tonnes (a 13.4% decrease year on year).

In May oil and gas condensate output fell by 10.8% year on year to 6.17m tonnes, the lowest monthly figure since September 2014. Oil production fell by 5% year on year to 5.53m tonnes and gas condensate output decreased by 41.5% year on year to 635,500 tonnes in May.

 

 

Oil and gas condensate output fell to a certain extent in all oil-producing regions, except for Atyrau and Zhambyl Regions. In this context the reduction in oil output was remarkable in Kyzylorda and West Kazakhstan Regions – by 508,500 and 717,400 tonnes respectively, while Atyrau Region increased oil output by 194,200 tonnes. The downward trend was a result of fall in the flow rate in old fields as the profitability of commercial production decreased in some of the fields and cuts in oil companies’ investment programmes. Kazakhstan is pinning great hopes for sustainable recovery in oil and gas production on the relaunch of commercial production on the North Caspian project (in the Kashagan field) which is expected in the fourth quarter of 2016.

 

 

 


16 September 2016

Power generation reaches 53.7bn kWh in January-July, up by 1.7% year on year. Gas turbine power plants with a capacity of 100,000 kW worth KZT18.6bn were commissioned in the first half of the year

15 September 2016

Kazakh oil refineries supplied 73.3% of motor fuel consumed and 97.4% of diesel fuel consumed in the country. Petrol output increased by 10.6% and production of gasoils by 3.6%

17 August 2016

The consumer inflation continues to rise, reaching 17.7% in July. Non-food prices grow by 27.8% year-on-year, food prices by 15.9% and services by 10.3%

08 August 2016

The production of metal products has resumed the positive trend. The annual growth in production stood at 37.7% in monetary terms in 1H2016

29 July 2016

Kazakh coal output down by 6.1% in 1H2016, up by 6.7% in monetary value

Обзоры

Kazakhstan