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Kazakhstan's oil and condensate production hits record in March, sources say
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Kazakhstan's oil and condensate production hits record in March, sources say
Apr 1, 2025 4:07 AM

MOSCOW, April 1 (Reuters) - Kazakhstan's oil output

reached a record high in March with higher output from the giant

Tengiz oil field and stable exports via the Caspian pipeline,

further exceeding OPEC+ production quotas, two industry sources

said and Reuters calculations showed on Tuesday.

The country has repeatedly exceeded its OPEC+ quotas in

recent months and has promised to reduce output under pressure

from OPEC+ leaders Saudi Arabia and Russia.

Oil and gas condensate production in Kazakhstan reached 8.95

million metric tons in March, or 2.17 million barrels per day

(bpd), the sources said. That compared with 2.15 million bpd on

average in February, according to the state's Energy Ministry.

Kazakhstan's OPEC+ quota doesn't limit condensate

production, but crude oil output is meant to be set at 1.468

million bpd.

(Reporting by Reuters)

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