Kazakhstan’s oil production increased by 4.4% in January-February compared to the same period of 2016, the Kazakh Statistics Committee said.
During the period, oil and gas condensate output hit 13.69 million tons (11.47 tons of oil and 2.23 tons of gas condensate). In the mentioned period, oil production increased by 3.8% and gas condensate production – by 0.7%. Gas production increased by 6%, to 8.57 billion cubic meters in January-February. Associated gas production amounted to 4.59 billion cubic meters, which is 8.3% more than in the same period of 2016.
Oil and gas condensate production in February hit 6.57 million tons, which is 7.7% less compared to January. Gas production in February decreased by 9.5% MoM, to 4.05 billion cubic meters. Kazakhstan’s oil and condensate output totaled 78.04 million tons in 2016, which is 1.8% less compared to 2015. Gas production hit 46.59 billion cubic meters in 2016, up by 2.4%. (Kazinform/Business World Magazine)
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