Kazakhstan Today cited that Mr Lyazzat Kiinov CEO of KazMunaiGas as saying that company plans to raise crude oil production by slighlty more than 60% over the next decade on Tuesday. KazMunaiGas plans to produce 35.4 million tonnes of crude by 2022 up from 21.9 million tonnes expected this year.

He said that KazMunaiGas also planned to raise annual output of refined products to 19.0 million tonnes from 16.4 million tonnes over the same period and to raise its reserves of oil and gas condensate to 1.41 billion tonnes from 779 million tonnes.

Source - Kazakhstan Today

(www.steelguru.com)