The figure may be increased from the current 5.3 to 17 billion tons through geological exploration works.
Assets of the National Oil Fund as of the end of December totaled $43.693 billion, 41.04% up against the end of 2010.
The figure made up $32.065 billion.
When it comes to domestic demand, the Kazakhs have been more interested in silver, according to Mr. Marchenko.
Assets of the National Oil Fund as of the end of September stood at $40.018 billion.
KazMunaiGas National Oil Company started an independent audit of oil reserves.
The field was discovered in 2000 and was one of the larger discoveries in that decade, it is estimated that the Kashagan Field has commercial reserves from 10 billion barrels.
Net gold and currency reserves of the Kazakhstan’s National Bank grew by 31.44% from January to July, making up $36.3 billion as of the end of July.
The figure made up $73.3 billion as of the end of June.
The field's oil reserves may reach 200 million tons.
In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.
Proved hydrocarbon reserves of the Caspian Sea shelf make 3.1 trillion cubic meters of gas and 2.95 billion tons of oil.