Kazakhstan's Oil Output Falls Slightly in April
Photo: Elements.envato.com, ill. purposes
Oil production in Kazakhstan declined by 3% in the first half of April compared to March, Orda.kz reports, citing Reuters.
Reuters claims the reduction was insufficient to align the country with its OPEC+ quota. The Ministry of Energy had previously pledged to cut output following months of overproduction.
According to Reuters, some OPEC+ members — particularly Saudi Arabia — have expressed dissatisfaction with rising production levels. Sources within the group indicated that frustration is growing over the lack of compliance.
The recent production dip is attributed to decreased output at the Tengiz field. While the Ministry of Energy confirmed the scale of the decline, it did not specify which companies were involved.
Despite these cuts, Kazakhstan is still producing above its agreed limits and appears likely to breach its quota again in April.
Saudi Arabia had previously lowered oil prices significantly.
Original Author: Nikita Drobny
Latest news
- Kazakhstan Approves Registration Procedure for Self-Driving Cars
- Illegal Pony-Ride Operators Accused of Animal Cruelty in Burabay
- Cameras to Automatically Detect E-Scooter Violations in Almaty
- Police Name Almaty Districts with Highest Number of Crimes
- Oil Slick Reported Near Atash Beach on Kazakhstan’s Caspian Coast
- AFM Plans Body Cameras and GPS Tracking for Detainee Escorts
- Nine Underexplored Basins Made Available for Oil Exploration
- 5.5 Billion Tenge Gas Debt Settled Without Trial in Aktobe
- Nearly 50 Forest Fires Break Out Across Kazakhstan in a Week
- Twenty Evacuated After Fire at Aktogay Concentrator
- Fire Breaks Out at Oil Field in Mangystau Region
- Two Kazakhtelecom Employees Die in Separate Workplace Incidents
- Ukraine Agrees to Avoid Targeting CPC Infrastructure
- Man Sentenced to Community Service for Stalking Woman in Almaty Region
- KMG Denies Report of $80 Billion ExxonMobil Kashagan Project
- Almaty Suspect Detained Over Fake Plates Imported from Russia
- EAEU Countries Agree to Recognize Each Other’s Academic Titles
- KNB and Military Auction Off Body Armor, Gas Masks and Nazarbayev Portraits
- Kazakhstan Pharmacies Cut Prices on 589 Medicines
- Atyrau Refinery Leadership Change Confirmed
