Oil production output in Kazakhstan to reach 110 million tons in 2018

Oil production output in Kazakhstan in 2018 will reach 110 million tons, KazTAG reports, citing the country’s Minister of Economic Affairs and Budget Planning Erbolat Dossayev as saying at a government sitting August 28. As was reported earlier, the country’s Oil and Gas Ministry slashed the estimated crude and condensed gas production figures before 2016. According to the Oil anв Gas Ministry, Kazakhstan plans to produce a total of 82 million tons of crude and condensed gas in 2013, with the figure to be brought up to 83 million tons by 2014 and to 90 million tons by 2015. Earlier the Ministry planned to make sure the crude production figure stands at 83 million tons in 2013, 85 million tons in 2014 and 95 million tons in 2015. In 2012 crude and condensed gas production output totaled 79.2 million tons (1.1% down as compared to 2011).