Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Kazakhs May Boost Other Oilfields Amid Kashagan Delay

April 23 (Bloomberg) -- Kazakhstan’s oil ministry should “work out a possibility” to boost oil output at other fields given production delays at Kashagan, the country’s largest deposit, the Economy and Budget Planning ministry said.

Increasing oil production at other fields will compensate for a reduced contribution from Kashagan and help achieve a target of 6 percent economic growth this year, Economy and Budget Planning Minister Erbolat Dosayev told a Cabinet meeting in Astana, according to an e-mailed copy of his speech.

The Kashagan oilfield will probably start production by September at the latest, the Interfax newsagency cited Kazakh Oil Minister Sauat Mynbayev as saying today. The Caspian Sea field, which would be profitable with an oil price of $90 or $100 a barrel, was scheduled to start output by June, according to Novosti-Kazakhstan.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.