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According to the Oil & Gas Journal (OGJ), Kazakhstan had proved crude oil reserves of 30 billion barrels as of January 2018–the 2nd–largest endowment in Eurasia after Russia, and the 12–largest in the world, just behind the United States. Kazakhstan has the largest proven oil reserves in the Caspian Sea region. Kazakhstan’s crude and condensate output in 2019 was 1.965 million bpd. It increased by 4.8% in 2018 and reached 1.814 million bpd. In 2017, Kazakhstan produced 1.73 million bpd of crude oil. Kazakhstan will produce 2.03 million barrels of oil and other liquids per day in 2020, according to the February Short-term Energy Outlook (STEO) of US Energy Information Administration (EIA). According to Business Monitor International, Kazakhstan’s net exports of crude oil is forecast to fluctuate around 1.42 – 1.55mbpd through 2027 as production increases from the prolific Kashagan and Tengiz fields. Kazakhstan is rapidly expanding production at its three large refineries; it has completed upgrades of the Pavlodar plant, Atyrau and Shymkent refineries. The total refining capacity of the three plants is increase from 13.8 to 16.5 million tons. They all are operated by JSC KazMunaiGas – Processing and Marketing. The government has announced plans to construct a fourth refinery to further expand refining capacity and production of light oil products and fuels.
Green Oil & Investment Group is one of good supplier and stockholder in Kazakhstan this unique sustainable journey.