The Head of State has been informed of the highlight figures of the energy industry growth and the future plans of the sector projects’ modernization.
During the meeting the President of Kazakhstan emphasized the need to actualize projects in the sphere of producing and processing of energy commodities.
- Oil production at Kashagan has started. Decision upon whether to expand the Tengiz field has been taken. In addition, we have handled the matter with Karachaganak. In this connection it is necessary to increase oil production and refining. To that end, we are carrying out modernization of three oil refineries, Nursultan Nazarbayev said.
The President also noted the importance of conducting work on gas extraction and the country’s gasification, addressing the Balkhash thermal power plant construction, as well as energy facilities’ privatization.
In turn, the Minister of Energy reported on the fulfillment of the energy production plan according to individual indicators, as well as the increase in the oil export by the end of 2016.
- The oil production plan was 75.5 million tons; the actual amount is 78 million tons. Over-fulfilment can be observed due to production at Kashagan, where the past year gave about 1 million tons of oil. Oil exports increased to 62 million tons, of which 40 million tons were pumped by the Caspian Pipeline Consortium. For the first time the refined tar volume reached 325 thousand tons due to stimulation by the state. Liquid gas production has increased by 136 tons, K.Bozumbayev said.
At the same time, Minister of Energy reported to Nursultan Nazarbayev on liquid gas delivery expansion for the needs of motorists based on the agreement between producers and traders, condition of export electricity, plans for intensification of exploration and uranium mining decline prospects due to the unfavorable situation on the market.
Following the meeting the Head of State has given a number of specific instructions.