Subscribe to our news feedEast Kashagan Project: Activation will see 2m barrels a day
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Published on Wednesday 11th November 2009
Activation of the East Kashagan Project will see some 2.35 million barrels of oil produced daily. This is according to the latest Kazakhstan Oil and Gas Report, which detailed the countrys forecasts in supplying the natural resources. According to the study, the nation will account for 4.66 per cent of central and Eastern European region oil demand by 2013 and provide 16.36 per cent of supply. It is anticipated that Kazakh oil and gas liquids production will rise by 48 per cent between 2008 and 2018. The market report a projected gas production increase from 754.6 bcm in 2008 to 906.1 bcm in 2013. In addition, the oil output is expected to rise from the 2008 figure of 1.33 million b/d to 2.09 million b/d by the end of the forecast period. "Expansion of the Tengiz field and activation of the offshore Kashagan project should push Kazakh production towards 2.35mn b/d by 2013," the publication stated. Meanwhile, oil for the SamsunCeyhan pipeline which connects Turkeys Black Sea and Mediterranean coasts is to be supplied in part by the East Kashagan Project. 
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