NUR-SULTAN, Kazakhstan – Kazakhstan intends to construct a fuel processing plant at oilfield in west of Kazakhstan – Kashagan, Minister of Energy Nurlan Nogayev instructed a briefing on May 27.
“We are working to achieve the level of oil production at the Kashagan field up to 450,000 barrels per day by 2022. We are also working on a project to build a gas processing plant and modernize compressors,” the minister mentioned.
According to him, power ministry along with contractors is engaged on a roadmap for the second stage of the Kashagan area. “The construction of a gas processing plant with a capacity of 1 billion cubic metres in the contract period will additionally provide about 8 million tonnes of oil,” Nogayev mentioned.
On April 14, the Kazakh power minister mentioned that within the first quarter of this yr, oil manufacturing in Kazakhstan elevated by 2.6% in comparison with the identical interval in 2019 and amounted to 23.6 million tonnes. Moreover, Kazakhstan took commitments to cut back each day oil manufacturing by 390,000 barrels below the OPEC + settlement, which offers for a collective discount in oil manufacturing by 9.7 million barrels per day in May-June this yr.
Kashagan is a big offshore oil and fuel area of Kazakhstan which is situated within the northern a part of the Caspian Sea with oil reserves of 6 billion tonnes of oil.