Oil production in Kazakhstan grows faster than the expectations of the local Ministry of Energy. The country has already been able to satisfy the malicious violators in OPEC+, but nothing changes from this.
The state -owned Kazmunaygaz data in Kazakhtha shows that this year oil production may exceed the country’s predictions by 2 %. Reuters write about this.
According to accounts, oil production in Kazakhstan can grow to about 97.7 million tons, or 2 million barrels per day this year. – He writes the agency.
Kazakhstan is part of the ten largest oil producers, and at the same time, it has already managed to become a harmful violation of the quota to extract raw materials in OPEC+.
As it was noted in Reuters, Kazmagaz has increased its oil production expectations in the largest Tingles deposit in the country by 900 thousand tons, and the expectation of extracting 200 thousand tons and karachhaganak was reviewed for 360 thousand tons.
Compared to 2024, oil production in Kazakhstan will grow greatly – about 10 million tons. Last year, production reached 87.8 million tons.
As I mentioned Eadaily Kazakhstan has become a malicious violation of the OPEC+class. At the same time, in Astana they don’t see the opportunity to control the prey.
The Bloomberg Energy Minister said that oil production in Kazakhstan with more than 70 % is controlled by three large international federations, and “the republic has no right to reduce the prey by force.” Yerlan Akkenzhenov.
According to him, Kazakhstan cannot reduce production in old deposits managed by state -owned Kazmagaz.
