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Tuesday, 22 August 2017 16:00

Energy complex efficiency to rise in RK

Energy complex efficiency to rise in RK

“The volume of oil processing will rise from 14.5 up to 17.5 mln tonnes after the modernization of oil refineries. The production of light oil products (gasoline, diesel fuel and jet fuel) will increase.

The work on increase of oil recovery at fields and activation of geological exploration, including at offshore fields, is underway. It will ensure oil production growth up to 107.3mln tonnes by 2025 and gas production rate up to 77.3 bcm”, Minister of Energy of the Republic of Kazakhstan Kanat Bozumbayev said, Caspian Energy News ( ) reports with reference to the Ministry of Energy of RK.

“The total sum of investments over initiatives of the Fuel-Energy Sector during 2017-2025 must total over 19 trillion tenge. Over 97% of those funds will be ensured by private funds”, the Minister added.

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Person in charge of the newsline: Fidan Isayeva  

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