Kazakhstan achieves biggest oil extraction in its history

11/02/2019 11:28 Oil Market


Kazakhstan achieved the biggest oil production in its history during 2018, with 90 million tons, governmental sources said on February 8. In 2017, crude oil output amounted to 86.2 million tons.

Kazakh Energy Minister Kanat Bozumbayev reported that the oil extraction in 2018 represented an increase of nearly 4 percentual points in relation to the established plans last year, due to the extraction in 3 fundamental places: the wells in Kashagan, Tengiz and Karachaganak.


According to official reports, oil exports in 2018 represented more than 80 % of the country's total production with 72.5 million tons.


Likewise, gas production in Kazakhstan exceeded 55 billion m3 at the end of last year, and exported around 20 billion, with China as its most important destination.


Audax Renovables, Trina ink PPAs for 300 MW of Spanish solar

21/03/2019 09:20:00

Spain’s Audax Renovables on Tuesday unveiled a contract to buy the output of up to 300 MWp of solar parks that Chinese giant Trina Solar Ltd will build in Spain.


Lukoil may sign agreement on new offshore block in Kazakhstan

21/03/2019 09:23:00

Russian energy company Lukoil will be ready to sign an agreement with Kazakhstan on a new offshore project in the Caspian Sea this May, CEO of the Russian oil producer Vagit Alekperov told Tass.


Aker BP makes oil and gas discovery near North Sea’s Bøyla field

21/03/2019 09:10:00

The oil and gas discovery by Aker BP was made through the drilling of wildcat well 24/9-14 S and a horizontal appraisal well, called 24/9-14 A, in the Froskelår Main prospect located the Alvheim area.