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Kazakhstan produced 80.8 million tonnes (Mt) of crude oil in 2014, with about half coming from the two giant fields of Tengiz and Karachaganak. The Kashagan field, the fifth-largest reserve in the world, which came online in the autumn of 2016, will also play a major role in Kazakhstan's future oil production: in January 2017, the Kashagan North Caspian Operating Company announced potential exports of 1 Mt of crude oil and condensate.
At the end of 2015 Kazakhstan's proven oil reserves were 3 900 Mt and the reserves-to-production (R/P) ratio was 49.3. This amounts to 1.8% of the world's total liquids reserves and puts Kazakhstan in 12th place worldwide. Kazakhstan is also rich in natural gas deposits, with 900 bcm of proven reserves at the end of 2015 (0.5% of total world reserves) at an R/P ratio of 75.7, and proven reserves of coal totalled 33 600 Mt (3.8% of total world reserves) at an R/P ratio of 316. Progress has also been achieved in terms of gas network development: in 2016 three lines of the transnational Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline were completed, increasing transit gas volumes from 30 billion cubic metres per year (bcm/y) to 55 bcm/y, and the Beineu-Bozoi-Shymkent pipeline connecting the western producing region with the densely populated south also became operational in 2016.
See also Energy Policies Beyond IEA Countries - Eastern Europe, Caucasus and Central Asia 2015Go to the Sankey Flow of Kazakhstan
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