Kazakhstan’s Oil Output Still Above OPEC+ Quota Despite Drop
Photo: Elements.envato.com, ill purposes
Production volumes in Kazakhstan continue to exceed the OPEC+ quota, Orda.kz reports, citing Reuters.
Excluding gas condensate, the country’s oil production in October fell by 10% to 1.69 million barrels per day. A Reuters source said the decline was mainly due to maintenance at the Tengiz field.
Maintenance work was carried out from the beginning of October until the 24th.
As a result, production at the field fell to 725,400 barrels per day, down from 963,800 barrels in September, the agency writes. Even with the reduced output, Kazakhstan still exceeded its OPEC+ quota for October, which was set at 1.556 million barrels per day.
Original Author: Igor Ulitin
Latest news
- New Parking Rules Approved in Astana: How Much Will Drivers Pay and Who Is Exempt?
- Shell and Eni Replaced in Karachaganak Gas Plant Project
- Economist Calculates How Much Income Kazakhstanis Actually Keep
- Samruk-Kazyna Raises 3 Billion Yuan on AIX in Record-Low Panda Bond Deal
- Kazakhstan to Build Four New Airports by 2028
- State-Owned Plant in Atyrau Tried to Buy Sturgeon Caviar for Nearly 150 Million Tenge
- Chaos and Delays at the Border: Kazakhstan Wants to Bring Queues Under Control With New Rules
- Major Illegal Migration Channel Dismantled in Shymkent
- “A Shameful Sight”: Dump Near Altyn-Emel Caught on Video
- Kazakhstan Is Preparing to Increase the Scrap Fee on Cars From Russia
- Work Permits For Migrants To Go Fully Online As PSCs End Service
- Kazakhstanis Expect Higher Inflation but Remain Optimistic About the Future
- Support For Rural Doctors Doubles Amid Staffing Shortage
- South Korean Shareholder To Inject 4.7 Billion Tenge Into Kazakhstan’s Only Loss-Making Bank
- Tokayev Finishes Uzbekistan Trip With Focus on Trade and Environmental Cooperation
- Kashagan Operator Accused Of Stalling Sulfur Fine Pending Washington Arbitration
- Copper And Molybdenum Project Set To Launch In Abay Region
- Deputies Raise Alarm Over Chaos in Construction Licensing and Oversight
- Kazakhstan’s Tobacco Output Surges as Smoking Rate Holds Steady
- EAEU Waives Import Duties on Several Vegetables for Kazakhstan
