Media sources in the oil sector revealed that the production of Kazakhstan from oil and gas condensate reached a record level last March, driven by the increase in the production of the giant “Tingles” field and the stability of its exports through the Caspian pipeline, thus exceeding the “OPEC+” production shares significantly.
The two sources pointed out that Kazakhstan, which exceeded its stated share of “OPEC+” several times in recent months, has faced pressure from Saudi Arabia and Russia, the leaders of the group, to reduce its production. According to the data of the Kazakh Ministry of Energy, oil production and gas condensate recorded 8.95 million tons in March, equivalent to 2.17 million barrels per day. While the OPEC+share for Kazakhstan does not include capacitors production, the maximum crude oil production is supposed to be 1.468 million barrels per day.
Reuters accounts, based on a source familiar with the official statistics and the rate of converting 7.5 tons per barrel per day, showed that crude oil production – without capacitors – rose to 1.88 million barrels per day in March, compared to 1.83 million barrels per day in February. Despite the attacks of drones targeting the infrastructure of the Caspian pipeline in February and March, Kazakhstan exports maintained high levels, as oil flow continued without a decrease in March, at a specific initial rate at 1.7 million barrels per day for March and April.
