Exclusive: Kazakhstan Hikes Oil Output to a Record High of 2.12 Million Bpd in February, Source Says
03.04.2025 By Tank Terminals - NEWS

March 04, 2025 [Reuters]- Kazakhstan raised crude oil and gas condensate production in February by 13% from January to a record high 2.12 million barrels per day, a source told Reuters on Monday, again exceeding its quota within the OPEC+ group of oil producers.

 

Excluding gas condensate, a type of light oil, crude oil production jumped last month by 15.5% from January to 1.83 million bpd, according to the source familiar with the official statistics, and Reuters calculations, which take into account Kazakhstan’s tons per barrel ratio of 7.5.

Kazakhstan has persistently exceeded its output quota of 1.468 million bpd under the production-curbing deal struck by the Organisation of the Petroleum Exporting Countries and allies including Russia – together known as OPEC+.

It has promised to cut the output and compensate for overproduction.

However, it is boosting oil production at the Chevron-led Tengiz oilfield, country’s largest.

The field saw production increase to 904,000 bpd last month from 640,000 bpd in January following completion of maintenance and due to an expansion programme, the source said.

The energy ministry did not immediately reply to a request for comment.

Output has also increased despite last-month’s drone attack at a pumping station on Russia’s stretch of the Caspian Pipeline Consortium (CPC), which exports around 80% of Kazakhstan’s oil.

Kazakhstan said last month the oil supplies via CPC were on schedule.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Evos Appoints Daan Vos as Its New CEO
07.11.2025 - NEWS
July 11, 2025 [Storage Terminals Magazine]- Evos has announced the appointment of Daan Vos as its... Read More
ADNOC Becomes First Energy Company to Pilot Oxford Flow’s Stemless Valve Technology
07.11.2025 - NEWS
July 11, 2025 [Storage Terminals Magazine]- ADNOC has become the first energy company to pilot Ox... Read More
IHI and Vopak Signed a Joint Development Agreement for the Proposed Establishment of a Joint Venture for the Development and Operation of an Ammonia Terminal in Japan
07.11.2025 - NEWS
July 11, 2025 [Vopak]- IHI Corporation (“IHI”) and Royal Vopak (“Vopak”) have signed a jo... Read More
Japan’s Sumitomo Backs Major UK Carbon Capture Pipeline Project
07.11.2025 - NEWS
July 11, 2025 [Pipeline Technology Journal]- Sumitomo Corporation, a major Japanese trading compa... Read More