KAZAKHSTAN ANNOUNCES ESTIMATED OIL PRODUCTION OUTPUT FOR 2009

Astana, October 7: This year Kazakhstan expects oil production output to increase by five million tons against 2008. The announcement was made by the country’s Vice Minister of Energy & Mineral Resources Lyazzat Kiinov at the opening of the KIOGE-2009 International Oil & Gas Exhibition in Almaty.

According to Mr. Kiinov, oil production output in Kazakhstan has been rising year on year: “Last year we produced just over 70 million tons, this year we are expecting 75 million tons.” Vice Minister Kiinov pointed out that the production increase is attributed to newly developed oilfields such as Tengiz.   

KIOGE-2009 takes place October 6-9 at the Atakent Exhibition Centre and the Intercontinental Hotel in Almaty and is attended by 520 companies from 30 countries, including the Kazakh State company KazMunaiGaz, Gazprom of Russia, Chevron and other majors.

KIOGE is Central Asia’s largest and most influential trade event for the oil and gas industry. It is the focal point for the sector in Kazakhstan and the highest profile event in the calendar for the region. KIOGE has helped to introduce more than 5,000 companies into the market, a great many of which now have well-established businesses in Kazakhstan.