Skip to main content

Launch of Oil and Gas Production at the Kashagan Field

14.12.2016 | E-Bulletin | Economy | 94 Saule Akhmetkaliyeva

The economy of Kazakhstan is highly dependent on energy. Being the largest oilfield of the country, the Kashagan field bears strategic importance for the petroleum sector of Kazakhstan. The last three years are described by reduction of oil production from 81.8 million tons in 2013 to 80.8 million tons in 2014, to 79.4, 8 million tons in 2015 and expectedly to 75 million tons in 2016. Therefore, there was a decrease of oil output by 1.2% in 2014, 1.7% in 2015 and expectedly, 5.5% in 2016 on a year on year basis. In this light, the launch of the Kashagan project is anticipated to increase production levels avoiding further deterioration of the energy sector. 

Tags: Kazakhstan, Kashagan, Oil, Gas

Author

  • Junior Research Fellow

    Saule Akhmetkaliyeva

    Saule Akhmetkaliyeva is a research fellow in the Eurasian Research Institute at H.A.Yassawi Kazakh Turkish International University. She holds a BS in petroleum engineering from the Kazakh National Technical University named after K.I.