Kazakhstan’s Oil Output Hits Record High

Kazakhstan’s oil production reached an all-time high in March despite the country’s continued pledges to start complying with its OPEC+ quota that it has been exceeding for years. As international supermajors are expanding oilfields in Kazakhstan, the non-OPEC producer part of the OPEC+ pact pumped as much as 2.16 million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday. In February, oil and condensate production averaged 2.12 million bpd. Under the OPEC+ agreement,…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com