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Kashagan oil field begins commercial output

24 Nov 2016
Kazakhstan’s energy minister has announced that the country’s Kashagan oil field has started commercial output. 

Located in the Caspian Sea, the offshore field has produced close to 0.5 million tonnes of oil since test pumping began in September. 

According to reports, Kashagan has recoverable oil reserves estimated at 9-13 billion barrels and is one of the largest discoveries in the last 40 years. 

Kazakhstan’s economy is dominated by oil and the government is pushing to increase production, with the field set to ramp up output during 2017.

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