ASTANA, Kazakhstan, August 18. In the first seven months of this year, the volume of oil and condensate production by KazMunayGas reached 15.3 million tons, exceeding the figure for the same period in 2024 by 9 percent, said Chairman of the Management Board of KazMunayGas, Askhat Khassenov, in his report during a meeting with the President of Kazakhstan, Trend reports.
He stated that the aggregate output of natural and associated gas production surged to 6.7 billion cubic meters, reflecting a 19 percent increase compared to the previous year's metrics. Initiatives are underway to enhance gas processing capabilities at the Western Prorva (Atyrau Region), Urikhtau (Aktobe Region), and Rozhkovskoye (West Kazakhstan Region) fields.
As Khassenov stated, KazMunayGas is actively conducting geological exploration. In 2025, as part of further exploration of existing fields, drilling of seven wells is planned, three of which have already been drilled.
“For the first time, Chinese company CNOOC is investing in geological exploration in our country, and Sinopec is also entering Kazakhstan with significant investments. Multinational companies Shell, Chevron, and British Petroleum are actively studying areas in the Atyrau, Aktobe, and Mangystau regions,” the report says.
Khassenov also reported that in the Mangystau Region, the first volume of desalinated seawater from the new Kendirli plant has been supplied to the water distribution hub of the city of Zhanaozen. Construction continues on a 247 MW hybrid power plant. Full-scale construction has begun on a polyethylene production plant worth $7.4 billion, with a capacity of 1.25 million tons of products per year.
Data was disseminated in a segmented manner regarding the execution of social initiatives across the various regional jurisdictions of the nation. In summation, President Kassym-Jomart Tokayev mandated the ongoing execution of methodical initiatives pertaining to geological exploration and the operationalization of significant capital investment ventures.
