RD KMG expects oil extraction fall by 3% by 2020

​The total volume of extraction of RD KMG by 2020 is expected to be by 3% less than the current extraction level in 2015 as a result of the extraction fall in JVs.

The company expects that by 2020 the total extraction in the key extraction assets –Ozenmunaigas (OMG) and Embamnaigas (EMG) will grow by 4% against the planned volume for 2015. Meanwhile the extraction of Kazgermunaigas (KMG), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc (PKI) in 2020 will fall by 17% against the planned extraction for 2015 mainly due to the extraction fall of PKI by 37% and KGM by 13%.

This the total extraction volume of RD KMG taking into account the stakes in KGM, CCEL and PKI in 2020 is expected by 3% less than the planned volume for 2015.

In 2016 the total planned volume of extraction in OMG and EMG makes up 8.434 mln tons, by 1% more than expected in 2015 by means of raising the efficiency of geological and technical measures.