Oil export to China to rise up to 12 mln tons in 2011 - Sauat Mynbayev
16:41, 5 October 2010
ASTANA. October 5. KAZINFORM /Murat Zhakeyev/ In 2011 export of oil via Kazakhstan-China pipeline to the People's Republic of China will be increased from the current 10 mln tons up to 12 mln tons, Minister of Oil and Gas Sauat Mynbayev has informed of it at KAZENERGY V Eurasian Forum in Astana today.
According to him, this year Kazakhstan has exported about 27.5 mln tons of oil to Europe via the Caspian Pipeline Consortium, 17.5 mln tons via Atyrau-Samara pipeline, 11 mln tons - through the Aktau Sea Port, 4 mln tons - by the railroad and 2 mln tons - through Orenburg Oil Refinery.
S. Mynbayev added that total amount of oil output in Kazakhstan in 2010 would make 81 mln tons, 68 mln tons of which would be exported. KazMunayGaz National Company extracts 24% of the total amount of oil only, the rest of the oil is produced by private enterprises or international oil companies.
According to the Ministry of Oil and Gas, Kazakhstan's reserves of oil makes more than 5 bln tons today while the reserves of gas is more than 5 bln cubic meters.