Kazakhstan announces plans to raise oil output

Published: 7 October 2004 y., Thursday
Kazakhstan plans to produce about 1.3m barrels (160,000 tons) of oil a day in 2005, and the corresponding figure for 2015 will be about 3.5m barrels a day, Kazakhstani Energy and Mineral Resources Minister Vladimir Shkolnik declared at the opening of the KIOGE-2004 international exhibition in Almaty. According to Shkolnik, it is planned to build new oil refineries to increase the volume of oil refining. The 12th international oil and gas exhibition KIOGE-2004 opened in Almaty today. Over 400 companies from 30 countries are participating in the exhibition. The UK, Germany, Iran, Italy, Canada, China, the Netherlands, Poland, Russia, Romania, Ukraine and, for the first time, Norway have opened their national showrooms at the exhibition.
Šaltinis: RBC
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Bank DnB NORD increases its holdings in Lithuania

Bank DnB NORD A/S increasing its holdings in its Lithuanian subsidiary to 99.84 percent through acquisition of shares from minority shareholders. more »

AB Bank SNORAS will grant LTL 35 million for financing small and medium businesses

AB Bank SNORAS will grant LTL 35 million for financing the small and medium businesses on the exclusive conditions. more »

Obama rejects GM, Chrysler plans

Rejecting survival plans from both General Motors and Chrysler, President Barack Obama warned the ailing US automakers they could be forced into bankruptcy if they don't find a way to slash their debt. more »

Beer still recession proof?

Prevailing wisdom says when the going gets tough the weary go drinking. The demand for beer exceeds the demand for all other alcoholic beverages in USA. more »

Watchmakers want better times

Things have been moving slowly for Swiss watchmakers in recent months. The global economic downturn has hit the country's third most important industry hard. more »

GM CEO resigns

The move came a day before the U.S. government was due to outline new steps to help GM and Chrysler as part of the federal bailout. more »

Creativity key to a healthy economy

With the European year of creativity and innovation in full swing, leading figures warn against cutting back on research and development in times of crisis. more »

Markets rebound on better data

Wall Street has been looking for signs of a bullish comeback, and today's surprise news on the economic front revived a buying spree... started by Monday's 7% rally. more »

Five countries exceeding EU deficit limits

With the economic crisis eating away at public finances, budget deficits in five countries are expected to exceed the 3% of gross domestic product allowed by the EU. more »

China calls for new global currency

China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis. more »