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Ministry of Energy: First batch of oil received from Kashagan

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by October 12, 2016 Business

Four wells produce 90 thousand barrels of oil per day.
Following the Plenary Session of the Parliament`s Mazhilis, Minister of Energy Kanat Bozumbayev reported that KazTransOil has been already receiving oil from Kashagan.
“Kashagan has been running its course. Oil production has been actively started from four wells with the debit of around 90 thousand barrels per day,” the Minister said.
K. Bozumbayev also informed that Bolashak Oil Refinery`s operations have been already launched.
“Bolashak has been operating. Commercial crude was received from Bolashak Oil Refinery and is already supplied to KazTransOil reserves,” K. Bozumbayev said.
According to the Minister, henceforward the oil will be gradually accumulated in the KazTransOil reserves, and after a little while the first export contracts will be announced by an operator.

Source: Government of the Republic of Kazakhstan

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