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Kazakhstan's daily oil output fell 4% in May on lower Tengiz production, source says
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Kazakhstan's daily oil output fell 4% in May on lower Tengiz production, source says
Jun 2, 2025 6:06 AM

MOSCOW, June 2 (Reuters) - Kazakhstan's oil production

fell 4% in May from April due to lower production from the

Tengiz oilfield, but remained above the OPEC+ quota, according

to an industry source familiar with the statistics, and Reuters

calculations.

Kazakhstan, a top-10 oil producer, has persistently exceeded

quotas set by OPEC+, an alliance between the Organization of the

Petroleum Exporting Countries and other producers led by Russia.

Kazakhstan officials said the state had informed the group that

it had no plans to cut back its output.

Kazakhstan produced 1.748 million bpd of oil in May,

according to the source. The country's OPEC+ quota for May is

1.486 million bpd.

Oil output in Kazakhstan fell in May as Chevron ( CVX )-led

Tengizchevroil cut output on the giant Tengiz oilfield to

813,200 bpd from 885,000 bpd.

Kazakhstan's energy ministry and Tengizchevroil did not

reply to requests for comment.

Kazakhstan's total crude oil and gas condensate

production fell to 2.02 million bpd in May from 2.08 million bpd

in April, the source said.

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