Kazakhstan's oil output jumps as Tengiz restores production
CVX•Kazakhstan oil output rises as Tengiz field recovers
Kazakhstan's oil and gas condensate output rose 40% to 275,000 metric tons, or about 2.08 million barrels per day, on August 9 from 197,000 tons, or 1.49 million bpd, on July 31, as the giant Tengiz oilfield restored production, a source familiar with the latest data said.
Oil production at the Tengiz field rose to 903,000 bpd on August 9 from 454,000 bpd on July 31, and compared with an average of 784,000 bpd in July, the source said.
Export restrictions and field disruptions weigh on recovery
Kazakhstan's energy ministry did not immediately respond to a request for comment.
Tengizchevroil (TCO), the Chevron-led CVX.N operator of the Tengiz field, does not comment on production details.
Kazakhstan is restoring crude production after a decline in July because of export restrictions by the Caspian Pipeline Consortium (CPC), its main oil export route.
The CPC handles more than 80% of Kazakhstan's oil exports, most of which come from the giant Tengiz, Kashagan and Karachaganak fields.
Kazakhstan's oil and gas condensate output hit a record in April at 2.17 million bpd.
The country plans to produce about 98 million tons of oil in 2026, equivalent to just over 2 million bpd, although disruptions at major fields and export restrictions have complicated that goal.
