Kazakhstan to increase the oil production in the existing fields to compensate for losses from the Kashagan.

Kazakhstan seeks sources for the increase of oil production from the existing fields to compensate for the disruption in the commissioning of the Kashagan field in the Caspian Sea, Yerbolat Dosayev, the Minister of Economy and Budget Planning of the Republic, stated on Wednesday, speaking at the plenary session of the Majilis, Novosti- Kazakhstan informs.

"Today, the Ministry of Oil and Gas in conjunction with the national company "KazMunaiGas" are seeking additional sources of the increased production in other fields to compensate for the loss of volume, which turned out today at Kashagan", - Dosayev stated.

The minister stated that "the revenue budget from the Kashagan project is not provided, because all income goes directly to the national fund". "But the question in (oil) production (remains), which were envisaged in the forecast of socio - economic development for 2015, (the Kashagan input into operation missing the deadlines) affects the growth of GDP", - Dosayev stated.

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