Kazmunaygas, CNPC Discuss Prospects For Co-Op In Geological Exploration
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, July 2. KazMunayGas (KMG,
Kazakhstan's national oil and gas company) and China National
Petroleum Corporation (CNPC) have discussed prospects for
cooperation in the field of geological exploration, Trend reports.
Negotiations on this topic took place between the Chairman of
the Board of KMG, Askhat Khassenov, and Houliang Dai, Chairperson
of CNPC.
The parties also reviewed the activities of joint production
assets in the Mangystau and Kyzylorda regions and opportunities for
further gas redistribution.
Taking into account the importance of the accelerated launch of
gas projects in Kazakhstan, the parties are exploring opportunities
for processing hydrocarbons from the Central Urikhtau field at the
Zhanazhol oil and gas refining complex.
In addition, the parties spoke positively about the activities
of the annual Kazakh-Chinese technical seminars on the exchange of
technologies for the exploration and development of oil and gas
fields.
Furthermore, Kazakhstan produced 90 million tons of oil in 2023,
which is 6.9 percent higher than in 2022. Oil exports also
increased and amounted to 70.5 million tons, which is 9.6 percent
more than the previous year. Moreover, Kazakhstan plans to increase
oil production in 2024 to 90.3 million tons.
In 2023, gas production in Kazakhstan amounted to 59.063 billion
cubic meters, including large fields such as Tengiz (16.009 billion
cubic meters), Karachaganak (22.385 billion cubic meters), Kashagan
(11.856 billion cubic meters), and others (8.813 billion cubic
meters). Kazakhstan is projected to produce 60.456 billion cubic
meters of raw natural gas in 2024.
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