Kazakhstan’s Energy Ministry Denies Reports of Oil Production Growth in August
Photo: Elements.envato.com, ill purposes
The Ministry of Energy of Kazakhstan has refuted claims that the country’s oil production allegedly grew by 2% in August, Orda.kz reports.
According to the ministry’s press service, Kazakhstan produced 1.712 million barrels of oil per day last month — 48,000 barrels per day less than in July.
The ministry categorically denies claims by some media outlets that the country's oil production level increased in August compared to the previous month,
the Ministry of Energy said in a statement.
Earlier this year, Kazakhstan repeatedly exceeded OPEC+ oil production quotas due to the Tengiz expansion.
Saudi Arabia, the cartel’s informal leader, subsequently began exerting price pressure on the market. Kazakhstan has pledged to bring production back in line with OPEC requirements.
Original Author: Nikita Drobny
Latest news
- Suspect In Serial Fraud Case Extradited To Kazakhstan From Russia
- The National Bank Will Be Less Likely To Inform Kazakhstanis About Inflation
- Kazakhstan Extends Toll Road Payment Deadline
- Kazakhstan’s Industry Fell 3.1% In January–February Despite February Growth
- From Utilities to Security, Kazakhstan Approves New Smart Cities Methodology
- Tokayev Announced A Criminal And Administrative Amnesty Following The Adoption Of The New Constitution
- Tokayev Signed A Decree On The Implementation Of The New Constitution
- Casinos for Foreigners Only to Open in Kazakhstan
- Analysts Record a Sharp Surge in Immigration From China to Kazakhstan
- Baikonur Prepares To Launch Progress MS-33 Cargo Mission To The ISS
- Kazakhstani Scientists Are Preparing a Cancer-Prevention Supplement From Tomatoes and Watermelons
- Garbage Fines Now Fall Under Akimats: What the Changes Mean and What Risks Citizens Face
- CEC Announces Final Results Of Constitution Referendum
- Applications Begin For Bolashak And Scientific Internships In Kazakhstan
- Road Construction Violations Worth Hundreds of Billions of Tenge Uncovered in Kazakhstan
- Winter Paralympics End In Italy As Cortina Hosts Closing Ceremony
- CEC Announces Preliminary Results Of Vote On New Constitution
- Gasoline Has Risen In Price Again In Kazakhstan
- New Constitution Day And Parliamentary Elections: Tokayev’s Key Statements
- Nazarbayev Confirms Support For Tokayev And The New Constitution
