MOSCOW, Jan 27 (Reuters) - Oil production in Kazakhstan
reached a daily record high of 278,499 metric tons on Sunday
just after it embarked on an expansion of its largest oilfield,
Chevron ( CVX )-led Tengiz, according to official data.
Kazakhstan - which relies on Tengiz and two other major
fields, Karachaganak and Kashagan, for most of its production -
is subject to output targets as a member of OPEC+, an alliance
of OPEC and other top producers led by Russia
OPEC+ has named top 10 global oil producer Kazakhstan along
with Iraq and Russia as countries that have repeatedly failed to
comply with pledges to curb oil production.
Sunday's record high Kazakh output equates to around 2
million barrels per day (bpd) if a barrels per ton ratio of 7.5
is applied.
According to the Situational and Analytical Center for the
Fuel and Energy Complex, this was 10.5% more than on the same
day of 2024.
The expansion at Tengiz is expected to reach full capacity
of 260,000 bpd by June, lifting overall production at the
project to around 1 million barrels of oil equivalent per day.
Tengiz is one of the world's deepest and most complex fields
due to high levels of sulphur and harsh weather conditions.
Kazakhstan plans to boost its oil and gas condensate
production this year to 96.2 million tons from 87.56 million
tons in 2024.