Kashagan, the largest oil field in Kazakhstan’s part of the Caspian Sea, is set to produce 18 million tons of oil in 2025, according to KazMunayGas (KMG, a subsidiary of Samruk-Kazyna), a slight increase over the previous production forecast of 17.8 million tons.
«The Kashagan output reached approximately 7.7 million tons of oil in the first five months of the year. The plan for 2025 is set at 18 million tons,» the company said in a statement.
In addition, KMG has also updated its forecast for another oil field, Karachaganak, increasing expected production from...