President Nursultan Nazarbayev met with the Minister of Energy Kanat Bozumbayev.

The Head of State was informed about key indicators of energy industry development and future plans for modernization of projects in the sector.

During the meeting, President Nazarbayev emphasized the need to implement projects in production and processing of energy commodities.

“Oil production at Kashagan has begun. A decision was made to expand the Tengiz field. In addition, the issue of Karachaganak was resolved. In this connection it is necessary to increase oil production and refinement. To this end, three of our oil refineries are being modernized,” – Nursultan Nazarbayev said.

The President also noted the importance of work on gas extraction and its provision to the population, resolving issues of the Balkhash Thermal Power Plant construction, as well as the privatization of energy facilities.

In turn, the Minister of Energy reported on exceeding production plans for select indicators, as well as on increase of oil export in 2016.

“The plan was to produce 75 million tonnes of oil; the actual amount was 78 million tonnes. The exceeding of production plans is also due to oil production in Kashagan, where last year saw the production of 1 million tonnes of oil. Oil export was increased to 62 million tonnes, of which 40 million were extracted by the Caspian Pipeline Consortium. For the first time 325 thousand tonnes of bitumen were processed thanks to state support. Liquefied gas production has increased by 136 tonnes,” – Bozumbayev said.

In addition, the Minister of Energy reported to the President on the increase of liquefied natural gas supply for the needs of motorists as a result of an agreement between producers and traders, on the state of electricity export, on plans to strengthen geological exploration, and also on the prospect of reducing uranium mining because of the unfavorable situation on the market.

Following the meeting the Head of State gave a number of specific instructions.

KAZINFORM

Published: 09 February 2017

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