MOSCOW, June 30 (Reuters) - Kazakhstan may exceed its
previous oil production forecast by around 2% this year
following an upgrade to output at its largest Caspian oilfields,
Reuters calculations, based on data from state-owned energy
company KazMunayGaz, showed.
According to calculations, oil output in Kazakhstan may rise
this year to around 97.7 million metric tons, or 2 million
barrels per day, from a previous projection of 96.2 million
tons.
Kazakhstan, among the world's 10 biggest oil producers, has
persistently exceeded quotas set by OPEC+, an alliance between
the Organization of the Petroleum Exporting Countries and other
producers led by Russia.
KazMunayGaz raised its forecasts for oil output at the country's
largest oilfield, Tengiz, by 900,000. It also revised up
expectations for output at Kashagan by 200,000 tons and
Karachaganak by 360,000 tons.
U.S. major Chevron ( CVX ) embarked in January on a $48
billion expansion of Tengiz, which is one of the world's deepest
and most complex fields due to high sulphur levels and harsh
weather conditions.
Output at the field from January to May reached 15.9 million
tons, according to KazMunayGaz.
Kazakhstan produced 87.8 million tons last year.