ASTANA, Kazakhstan, May 22. The volume of oil production at Kazakhstan's Kashagan field for the share of KazMunayGas (KMG, national oil and gas company) amounted to 780,000 tons (68,000 barrels per day) from January through March 2024, Trend reports.
According to KMG's data, compared to the same period in 2023, the volume of oil production decreased by 1.7 percent.
At the same time, gas production amounted to 501 million cubic meters, which is comparable to the figure for the first quarter of 2023.
Meanwhile, the volume of oil and gas condensate production by KazMunayGas amounted to 6.064 million tons (503,000 barrels per day) from January through March 2024. The volume of oil and gas condensate production grew by 1.7 percent compared to the same period in 2023.
At the same time, natural and related gas output climbed by 4.6 percent over the reporting period, reaching 2.52 billion cubic meters.
Furthermore, Kazakhstan produced 90 million tons of oil in 2023, which is 6.9 percent higher than in 2022. Oil exports also increased and amounted to 70.5 million tons, which is 9.6 percent more than the previous year. Moreover, Kazakhstan plans to increase oil production in 2024 to 90.3 million tons.
In 2023, gas production in Kazakhstan amounted to 59.063 billion cubic meters, including large fields such as Tengiz (16.009 billion cubic meters), Karachaganak (22.385 billion cubic meters), Kashagan (11.856 billion cubic meters), and others (8.813 billion cubic meters). Kazakhstan is projected to produce 60.456 billion cubic meters of raw natural gas in 2024.
