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Kashagan Field (Kazakh: Қашаған кен орны, Qaşağan ken orny) is an offshore oil field in Kazakhstan's zone of the Caspian Sea. [2] The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field. [3]
The oil field is operated and owned by CITIC Resources. The total proven reserves of the oil field are around 135 million barrels (18×10 6 tonnes), and production is centered on 18,600 barrels per day (2,960 m 3 /d). [1]
With 9 – 11 billion barrels, Kashagan is the largest oil field outside of the Middle East. It is estimated to come on stream in 2016 and reach production of 1.5 million barrels per day at its peak. Kazakhstan is a major oil producer with an estimated total production of 1.64 million barrels per day in 2013.
Oil at $150 a barrel is not "outside the realm" of possibilities, says one energy trader. "It's hard to take anything off the table right now. Russia is starting to retaliate with its own response ...
The IEA forecasts a major oil supply glut in 2025, ... Oversupply would rise to 1.4 million barrels per day in 2025 if OPEC+ follows through on plans to unwind quotas in April, the IEA said. ...
Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources ...
The CPC pipeline transfers about 1% of global oil supply [1] and handles almost all of Kazakhstan's oil exports. [2] In 2021, the pipeline exported up to 1.3 million barrels per day (bpd) [2] of Kazakhstan's main crude grade, light sour CPC Blend, which represented 80% of Kazakhstan's total oil production of 1.6 million bpd.
Kazakhstan is experiencing the worst street protests the country has seen since gaining independence three decades ago. The outburst of instability is causing significant concern in Kazakhstan's ...