financetom
Business
financetom
/
Business
/
Kazakhstan hikes 2025 output forecast for Kashagan and Karachaganak oilfields
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kazakhstan hikes 2025 output forecast for Kashagan and Karachaganak oilfields
Nov 4, 2025 5:06 AM

ALMATY, Nov 4 (Reuters) - Kazakhstan's state energy

company KazMunayGaz has raised its production forecast for the

Kashagan and Karachaganak oilfields this year to 18.25 million

metric tons (mmt) and to 11.2 mmt respectively, it said on

Tuesday.

The previous forecast for Kashagan was 17.8 mmt, while the

previous forecast for Karachaganak was 11.14 mmt.

In the first nine months of 2025, it said 13.6 mmt of oil

were produced at Kashagan and 8.23 mmt at Karachaganak.

The offshore Kashagan field, one of the world's biggest

discoveries in recent decades, is being developed by Eni

, Shell, TotalEnergies, ExxonMobil ( XOM )

, KazMunayGaz, Inpex ( IPXHF ) and CNPC

.

Karachaganak's operators include Chevron ( CVX )

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kennametal's Fiscal Q1 Adjusted Earnings, Sales Fall
Kennametal's Fiscal Q1 Adjusted Earnings, Sales Fall
Nov 6, 2024
07:01 AM EST, 11/06/2024 (MT Newswires) -- Kennametal ( KMT ) reported fiscal Q1 adjusted net income Wednesday of $0.29 per diluted share, down from $0.41 a year earlier. Analysts polled by Capital IQ expected $0.26. Sales for the quarter ended Sept. 30 were $481.9 million, down from $492.5 million a year earlier. Analysts surveyed by Capital IQ expected $484.9...
Chimera Investment's Q3 Adjusted Earnings Fall
Chimera Investment's Q3 Adjusted Earnings Fall
Nov 6, 2024
07:06 AM EST, 11/06/2024 (MT Newswires) -- Chimera Investment ( CIM/PA ) reported Q3 adjusted earnings Wednesday of $0.36 per diluted share, down from $0.38 a year earlier. Analysts polled by Capital IQ expected $0.38. Net interest income for the quarter ended Sept. 30 was $66.5 million compared with $67.3 million in a previous quarter. Analysts' estimates were not available....
Iron Mountain third-quarter FFO rises amid strong data center demand
Iron Mountain third-quarter FFO rises amid strong data center demand
Nov 6, 2024
Nov 4 (Reuters) - Iron Mountain on Wednesday posted a rise in its funds from operations (FFO) for the third quarter, driven by robust demand for its data centers. The Boston, Massachusetts-based real estate investment trust's adjusted funds from operations, a key measure of cash flow, rose 11% to $1.13 per share in the quarter ended Sept. 30, from the...
CGI Reports Higher Q4 Profit, Revenue
CGI Reports Higher Q4 Profit, Revenue
Nov 6, 2024
06:49 AM EST, 11/06/2024 (MT Newswires) -- CGI (GIB-A.TO, GIB) on Wednesday said fourth-quarter profit rose on higher revenue. Net earnings, excluding specific items, rose to $439.1 million, or $1.92 per share, from $421.2 million, or $1.71 per share last year. The result was just above a consensus analyst forecast of $1.91, according to Capital IQ. Revenue increased 4.4% to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved