Kazakhstan Chamber of Commerce in the USA

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New oil deposit discovered

Posted on May 27, 2014 by KazCham

COLIBIRI LAW FIRM

New oil and natural gas reserves have been discovered in Kazakhstan’s Rozhkovskoye field, the country’s national oil and gas company KazMunaiGas announcedWednesday. “Positive test results from the new deposit increase the prospects of growing the field’s reserves,” the company said. According to the U.S. Energy Information Administration, Kazakhstan holds 2 percent of the world’s oil, with 30 billion barrels. The proven natural gas reserves in the country is 2.5 trillion cubic meters.

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