Kazakhstan's Oil Production Hits Record High Amid Tengiz Expansion
MOSCOW, (Reuters) - Kazakhstan's oil production soared to a daily record of 278,499 metric tons on Sunday, following the expansion of the Chevron-led Tengiz oilfield, according to official data.
As a member of OPEC+, Kazakhstan is obligated to comply with output targets, but has repeatedly fallen short. The country is heavily reliant on Tengiz and two other major fields, Karachaganak and Kashagan, for its production.
Sunday's record output equates to approximately 2 million barrels per day (bpd), based on a barrel-per-ton ratio of 7.5. This represents a 10.5% increase from the same day in 2024, as reported by the Situational and Analytical Center for the Fuel and Energy Complex.
The Tengiz expansion is projected to reach its full capacity of 260,000 bpd by June, elevating the overall production of the project to about 1 million barrels of oil equivalent per day. The field is known for its intricate structure and extreme weather conditions due to high sulfur levels.
Kazakhstan aims to increase its oil and gas condensate production to 96.2 million tons in 2025, up from 87.56 million tons in 2024.