The estimated reserves of oil in this area are 400 million tonnes.
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The growth in freight turnover was achieved by changes in logistics and increase in shipping distances.
The country announced voluntary cuts to its oil production of 78,000 barrels per day from May.
The parties are also ready to build up capabilities of oil tanker fleet for open sea transportation.
It bears noting that Kazakhstan’s hydrocarbons are transported both in the East-West and North-South directions.
The industry development was discussed at a meeting of the Council of Domestic Entrepreneurs chaired by Kazakh Prime Minister Alikhan Smailov.
The Government discussed the launch of new gas processing plants.
The first production at Kalamkas-Khazar will start in late 2028.
This is approximately one third of the total volume of crude oil in Kazakhstan, as reported by the country’s major oil producing enterprise.
The list of importers includes not only European, but also Asian countries.