NUR-SULTAN, Kazakhstan – For the first 11 months of this year, Kazakhstan exported 65.791 million tonnes of oil, or 99.6% compared to the same period of last year. The export plan for 2019 is 70.5 million tonnes of oil, Kazakhstan’s Deputy Energy Minister Aset Magauov told a press conference on 6 December.

“The planned oil production for 2019 is 89 million tonnes. In January-November 2019, preliminary production amounted to 82.5 million tonnes, or 101.8% of the plan (plan – 81 million tonnes). Until the end of 2019, a slight over fulfillment of the plan of oil production is expected – 90.5 million tonnes (100.2% by 2018),” Magauov said.

According to him, 60% of the production comes from three large projects: Tengiz, Kashagan and Karachaganak. So, for 11 months of the current year – 50.1 million tonnes of oil, or 102.8% of the plan (plan – 48.7 million tonnes).

Kazakhstan plans to produce 90 million tonnes in 2020, from 2023 it is forecasted to grow to 100 million tonnes.