Oil production in Kazakhstan increases

Last month, Kazakhstan produced the maximum volume of oil and condensate in a year and a half, which is nearly 7,660,000 tonnes. As Energy Analytics experts reported, last time this figure was exceeded in March, 2020, before the beginning of the pandemic. They noted that if a similar level of production maintains even in November and December, the total volume of the mined oil may reach 85 million tonnes by the end of this year. At the same time, the volumes of oil production without condensate exceed the OPEC+ quota determined for Kazakhstan. In October, world production increased by 1.4 barrels per day. An even greater growth is expected in November and December.

Translation by Saniya Sakenova

Editing by Galiya Khassenkhanova