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Kazakhs expect 8m tonnes of oil from Kashagan in 2014

Staff Report


ASTANA – Kazakhstan expects to extract 8m tonnes of oil in 2014 from the Kashagan oil field in the Caspian Sea, Oil and Gas Minister Uzakbai Karabalin said September 18, according to Novosti-Kazakhstan.

The Kashagan consortium produces about 40,000 barrels of oil daily now, Karabalin said. It hopes to increase daily production to 75,000 barrels by early October, Novosti-Kazakhstan reported.

Kashagan, an oil field operated by a Kazakhstani and foreign consortium, suffered years of delays before producing its first oil earlier in September.

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