Kazakhstan's oil and gas condensate output fell 14% in July from June, source says
XLE•Kazakhstan output fell in July
Kazakhstan's crude oil and gas condensate production fell to about 1.85 million barrels per day, or 7.6 million metric tons, in July 2026 from 2.16 million bpd in June, an industry source familiar with operational data told Reuters on Monday.
CPC disruptions hit exports and production
The decline was linked to disruptions at the Caspian Pipeline Consortium (CPC), the main export route for Kazakh oil, the source said. Kazakhstan's oil production heavily depends on the CPC, as it has no real alternatives to ship the lion's share of its vast oil output elsewhere.
Oil exports via the CPC were disrupted several times last month, with loadings at one point facing a one-week suspension due to ongoing drone strikes that damaged vessels near the port.
The CPC pipeline is currently flowing and ships are loading this week, the CEO of Chevron CVX.N, which controls the operator of the giant Tengiz oil field in Kazakhstan, said on an earnings call on Friday.
Field-level declines at Tengiz, Kashagan and Karachaganak
More than 80% of Kazakhstan's oil exports are transported through the CPC pipeline system. Most of those volumes originate from the Tengiz, Kashagan and Karachaganak fields.
