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8 Pages

Meeting China's thirst for Kazakh oil

Meeting China's thirst for Kazakh oil

Report summary

Kazakhstan and China are set to expand the export capacity of the Kazakhstan-China oil pipeline from 250,000 b/d to over 400,000 b/d by 2015. However, China's NOCs' liquids output in Kazakhstan will start to decline from 2013. Working interest production will plateau around 290,000 b/d this year (16% of the national total) and then fall. Action is needed soon if Chinese NOCs want to maintain their level of equity exports and fill the pipeline.

What's included?

This report includes 2 file(s)

  • Meeting China's thirst for Kazakh oil PDF - 624.17 KB 8 Pages, 2 Tables, 5 Figures
  • Meeting Chinas thirst for Kazakh oil March 2013.xlsx XLSX - 63.28 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Executive Summary
  • A mature asset base
    • CNPC
    • Sinopec Group
    • Other Chinese interests
  • Equity production nearing its peak
    • Reliance on a single asset
    • Licence expiry is looming
  • Absent from mega-projects
  • Who will fill the Kazakhstan-China pipeline?
    • Kashagan exports
    • Russian crude transit
  • Where next…?
  • Appendix

In this report there are 7 tables or charts, including:

  • Executive Summary
  • A mature asset base
    • Chinese NOCs Kazakhstan upstream assets
  • Equity production nearing its peak
    • Chinese NOC Kazakhstan working interest liquids production (2005-2020)
    • Key licence expiries and remaining reserves, post-contract
    • Chinese NOC Kazakhstan working interest liquids production by field (2005-2020)
  • Absent from mega-projects
    • Kazakhstan liquids production growth 2012-2025
  • Who will fill the Kazakhstan-China pipeline?
    • Kazakhstan-China oil pipeline throughput profile
  • Where next…?
  • Appendix
    • Chinese NOC Kazakhstan asset overview
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