Kazakhstan will produce oil after 2041 - S. Mynbayev

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ASTANA. KAZINFORM - The level of cost recovery of oil production at Kashagan field makes 100 US dollars per barrel, Chairman of the Board of "KazMunaiGaz" JSC Sauat Mynbayev told today at the CCS media briefing.

"The level of cost recovery of oil production at Kashagan field is quite high. As far as I know, it is about 100 US dollars per barrel. The terms of contracts for work at Kashagan of contracting companies are till 2041. However, Kazakhstan will be producing oil for 50 years after 2041," S. Mynabayev said answering journalists' questions. He also noted that the other deposits are still profitable event taking into account the current prices for oil.

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