Oil production may decrease due to power cuts in Kazakhstan. Reported with reference to the Ministry of Energy of Kazakhstan. TASS.
The Energy Ministry reported that oil companies in the Mangistau region saw a decline in oil production due to the interruption in electricity supply, which could lead to a change in the annual forecast for oil production.
Now the oil production forecast for 2023 is 90.5 million tons, or 99.4% of the plan. In 2022, Kazakhstan produced 84.2 million tons of oil.
A quarter of the country’s total oil is now produced in the Mangistau region. Recently, due to an accident at the CHPP of the Mangystau Nuclear Power Plant (MAEK), the supply of electricity to oil-producing enterprises was limited. In addition, restrictions were placed on electricity supply to other industrial facilities and local people in the region.
Previously reported That the authorities of Kazakhstan plan to impose a temporary ban on the export of liquefied petroleum gas from the country.
Previously recognizedhow long oil will remain as the main source of world energy.