The head of state met with the chairman of the board of JSC "NC "KazMunayGas," Askat Khasenov, as reported by the Kapital.kz business information center, citing the press service of Akorda.
Kassym-Jomart Tokayev received a report on the national company's performance in 2024. As Askat Khasenov reported, the volume of oil and condensate production by the KMG group of companies reached 23.8 million tons, surpassing the 2023 figure by 1.3%. To maintain production levels, a Technological Challenges Program is being implemented, which includes methods to enhance oil recovery with a differentiated approach to each field.
The president was informed that the design phase for the Kalamkas-Sea project, valued at $6.4 billion, has begun. Additionally, in 2024, drilling commenced at the Turgai Paleozoic, Karaton Podsolovoy, Karazhar, and Taisoygan wells, which have resources exceeding 800 million tons in oil equivalent.
The head of state was updated that the volume of oil transportation in 2024 exceeded the 2023 figure by 4%, totaling 83.6 million tons.
Last year, domestic oil refineries processed 17.44 million tons of oil. Measures have been taken to increase the production of light oil products by 370 thousand tons compared to 2023 to meet the domestic market's needs.
As reported by the chairman of JSC "NC "KazMunayGas," a project to increase bitumen production to 750 thousand tons per year at "CASPI BITUM" is currently underway. Preliminary construction work has commenced for a polyethylene production plant valued at $7.4 billion, with a capacity of 1 million 250 thousand tons of products per year.
In the Mangistau region, the construction of a desalination plant is underway to provide quality drinking water to the residents of the city of Zhanaozen, and the construction of a hybrid power plant with a capacity of 247 MW has also begun.
Furthermore, Kassym-Jomart Tokayev was presented with information regarding the implementation of social projects in the country's regions.
In conclusion, the president tasked to continue systematic work on geological exploration, the implementation of major investment projects, and the development of the oil and gas chemical industry.