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Kazakhstan|business|July 28, 2016 / 06:07 PM
Oil production might decline to 75.5 mln tons in Kazakhstan, officials say

AKIPRESS.COM - Many oil producing companies working in Kazakhstan observed negative financial result in 2015, said Vice Minister of Energy Asset Magauov.

Analysis revealed that 36 companies out of 61 had a negative financial result, he noted.

Drill footage reduced from 2,500 running meters to 1,500 in 2015. According to forecasts, further decline (by 50%) will be observed in well-drill footage.

“In 2014, we produced 85 mln tons, and this figure made 79.5 mln tons in 2014. Thus, we see stagnation in oil and gas industry today, since oil workers do not get a worthy profit and cannot even maintain the existing volumes,” he added.

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