MOSCOW, May 14 (Reuters) - Kazakhstan's oil production
fell 3% from March to 1.82 million barrels per day (bpd) in
April, but was again above the country's OPEC+ quota, according
to an industry source familiar with the statistics, and Reuters
calculations.
Kazakhstan's output has become the main point of contention
inside OPEC+, with group leader Saudi Arabia demanding that
members respect their quotas.
Kazakhstan, a top-10 oil producer, had an OPEC+ quota for
April of 1.473 million bpd.
The country's energy ministry said earlier in May that it
was committed to the OPEC+ agreement, but didn't plan to cut
output, as it had "frequently informed" its OPEC+ partners.
OPEC+ has agreed to accelerate oil production hikes for a
second consecutive month, raising output in June by 411,000
barrels per day, despite falling prices and expectations of
weaker demand.
Kazakhstan's oil production has risen this year as a result
of an expansion at the Chevron ( CVX )-led Tengiz oil field, the
country's largest. However, in April the field produced 885,000
bpd, down from 950,000 bpd in March.
Kazakhstan's energy ministry did not immediately reply to a
request for comment on Wednesday.
Previously Kazakhstan pledged to compensate for
overproduction by reducing its cumulative output by 1.3 million
bpd by April 2026.
Western oil majors, including Shell, ExxonMobil
, TotalEnergies and Eni, as well as
Chevron ( CVX ), are active in Kazakhstan oil projects.