Kazakhstan to export 71mn tonnes of oil in 2012.

By bne IntelliNews October 31, 2011
According to the Kazakh Oil and Gas Ministry, Kazakhstan plans to export 71mn tonnes of oil in 2012. To remind you, exports of crude oil and gas condensate in Jan-Sep reached 53.789mn tonnes. 77% of the Kazakhstan's oil exports goes to Europe. The proven oil reserves in Kazakhstan totaled 39.8bn barrels on the beginning of 2011, the BP claims. On the other hand, oil production in the country in 2010 was 1.757mn barrels per day. Kazakhstans largest oil fields are Karachaganak and Tengiz together they give main part of countrys oil production. Karachaganak field has estimated initial reserves of hydrocarbons in the volume of 9bn barrels of condensate and 1.37tn m3 of gas while Tengiz fields reserves estimated at about 26bn barrels.

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