ASTANA, Kazakhstan, August 6. The volume of production of petroleum products at KazMunayGas' (KMG, the national oil and gas company of Kazakhstan) enterprises amounted to 8.283 million tons from January through June 2024, Trend reports.
According to the KMG's data, compared to the same period in 2023, this figure decreased by 11.1 percent.
Thus, Kazakhstani refineries produced 6.465 million tons of oil products, which is 0.8 percent less than the same period in 2023. The decrease in production is associated with a 2.5 percent decrease in the volume of hydrocarbon processing at plants.
At the same time, KMG International refineries (Petromidia, Vega) in Romania produced 35 percent less oil products, with a total production of 1.818 million tons (in the first half of 2023 - 2.796 million tons).
Meanwhile, the volume of oil and gas condensate production by KazMunayGas amounted to 23.5 million tons (486,000 barrels per day) in 2023. The volume of oil and gas condensate production grew by 6.5 percent in 2022.
Simultaneously, the production of natural and related gas shot up by a whopping 14.8 percent during the specified time frame, hitting a staggering 9.45 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.