Kazakhstan to Surpass 2025 Oil Output Plan Due to Tengiz Expansion
Photo: Tengizchevroil
Kazakhstan is expected to exceed its oil production target for 2025, largely due to increased output at the Tengiz field, Orda.kz reports.
According to Reuters, Energy Minister Yerlan Akkenzhenov stated that the country will likely surpass its planned production volume of 96.2 million tons (approximately two million barrels per day). He attributed the anticipated overproduction to the expansion at Tengiz and noted that this growth explains Kazakhstan’s repeated failure to meet OPEC+ quotas.
Despite the consistent quota breaches, Akkenzhenov denied any external pressure from the oil alliance and dismissed concerns over the so-called “oil wars” led by Saudi Arabia.
Oil output at Tengiz has already risen by 25%, ahead of schedule, leading the Ministry to forecast an early completion of this year’s production plan.
Previously, Reuters reported that Kazakhstan's overall oil production had increased by an additional two percent. By the end of May, the country is expected to once again exceed its OPEC+ production limits.
Original Author: Nikita Drobny
Latest news
- Kazakhstan Cancels Exam Results For More Than 700 University Applicants
- Astana LRT Operator Looks For Funding In China
- Smoke From Russian Wildfires Reaches Eastern Kazakhstan
- Kazakhstan Offers EU A Broader Partnership In Eurasia
- Oil Leak Reported In Caspian Sea Near Azerbaijan Coast
- Kazakhstan To Build 250 Roadside Service Stations For 180 Billion Tenge
- Police Chase With Kazakh Driver In Phuket Ends In Crash And Injuries
- Foreigners Moving To Kazakhstan Are Choosing Big Cities Over Most Regions
- Turkestan Region Leads Kazakhstan In Twin Births
- From Grain To AI: What Kazakhstan Brought To Afghanistan
- Helicopters Drop 39 Tons Of Water On Forest Fire In East Kazakhstan
- Kazakhstan Tightens Border Checks Despite Saying There Is No Fuel Shortage
- Kazakhstan Seeks Greek Investment In Energy And Transport
- Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
- Kazakh Company Sent $16 Million To China, Got No Goods And A Huge Fine
- Kazakh Parties Are Losing Focus With Overly Broad Programs, Expert Says
- Almaty Man Registered 990 People In One-Room Apartment And Received Sentence
- Montenegro President Makes First Official Visit To Kazakhstan
- Gas Prices In Kazakhstan To Rise From July 1
- Kazakhstan’s Oldest Gold Mining Company Resold For 8.7 Billion Tenge
