Kazakhstan eyes to get 1 mln tons of Kashagan oil till year-end

Kazakhstan expects to get 500,000 – 1 million tons of Kashagan oil until the year-end, Sputnik Kazakhstan quoted Kazakh Energy Minister Kanat Bozumbayev as saying Oct. 27.

The minister noted that Kashagan field is being tested now.

Kazakhstan expects oil production at Kashagan to reach 4-7 million tons in 2017, according to Bozumbayev.

Kashagan is a large oil and gas field in Kazakhstan, located in the north of the Caspian Sea. Its total oil reserves amount to 38 billion barrels. Some 10 billion out of them are recoverable reserves.

Kashagan’s natural gas reserve exceeds one trillion cubic meters.

Oil production at Kashagan was launched in October 2016.