By 2020 the volume of production of high-octane gasoline will exceed the level of consumption by 0.47 million tons and reach about 6 million tons. But since 2024 their deficit is forecasted, reported Kazinform.
Galymzhan Amanturlin, senior expert for oil and gas refining of KazMunaiGas, said at the international conference KIOGE-2013.
“Since 2023 the deficit of diesel fuel is forecasted to grow. From 2014 to 2030 the oil production on Kumkol, Aktyubinsk, Mangistau and Atyrau groups of fields is forecasted to go down,” expert added.
Amanturlin said that oil production on Kashagan and Tengiz fields will grow from 28.3 million tons in 2013 up to 71.3 million tons in 2030. “The share of Kashagan and Tengiz oil in the production volume will increase from 34.4% in 2013 up to 78.1% in 2030,” http://oilru.com quoted the expert.
At present Kazakhstan extracts 1.57 million barrels of oil a day. But the country is unable to supply itself with oil products. This is expected to happen after upgrade of all three oil refineries, which make fuel for automobiles.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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