April 21, 2019
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Kazakhstan extracts record 662 million barrels of crude in 2018

 Kanat Bozumbaev, Kazakhstan's energy minister and head of the National Kazak Kuresi Federation gives a speech in Astana on Aug. 26, 2018, at the opening of the first Asian championship of kuresi, a traditional Kazakh form of wrestling. EPA-EFE/KULPASH KONYROVA

Kanat Bozumbaev, Kazakhstan's energy minister and head of the National Kazak Kuresi Federation gives a speech in Astana on Aug. 26, 2018, at the opening of the first Asian championship of kuresi, a traditional Kazakh form of wrestling. EPA-EFE/KULPASH KONYROVA

Astana, Feb 8 (efe-epa).- Kazakhstan's oil production registered a record 662 million barrels in 2018, the Central Asian nation's energy minister said Friday.

"In 2018 we extracted 90.36 million tons (662.4 million barrels) of oil, which was 4.8 percent more than in 2017 and 3.9 percent more than planned," Energy Minister Kanat Bozumbaev said.

Bozumbaev said there had been an increase in extraction at the country's three largest oilfields; Kashagan, Tengiz and Karachaganak.

The Kazakh Energy Ministry reported that oil exports in 2018 reached 531.4 million barrels.

The ministry said natural gas production reached 55,500 million cubic meters in 2018, with 19,400 million m3 earmarked for export, mostly to neighboring China.

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