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Meeting China's thirst for Kazakh oil
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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.
Table of contents
- 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
Tables and charts
This report includes 7 images and tables including:
- Kazakhstan liquids production growth 2012-2025
- Kazakhstan-China oil pipeline throughput profile
- Chinese NOC Kazakhstan asset overview
- Chinese NOCs Kazakhstan upstream assets
- 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)
What's included
This report contains:
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