BAKU, Azerbaijan, October 12. Liquids output in Kazakhstan decreased by 187,000 barrels a day to average 1.6 million barrels a day in August, Trend reports citing the OPEC Monthly Oil Market Report (MOMR) for March 2022.
The report noted that crude production was down by 152,000 barrels a day m-o-m to average 1.2 million barrels a day. Production of NGLs also declined by 35,000 barrels a day m-o-m to average 0.3 million barrels a day.
This was due to an observed sour gas leakage in the Kashagan oilfield and emergency repairs at the Caspian Pipeline Consortium (CPC) terminal on Russia's Black Sea coast. Kazakhstan's liquids supply for 2022 is now forecast to grow by 16,000 barrels a day to average 1.9 million barrels a day, down by 40,000 barrels a day compared with the previous month's assessment, due to downward revisions applied to 3Q22 and 4Q22.
According to preliminary estimates by the Kazakh Energy Ministry, output could be fully restored by 20 October. For 2023, liquids supply is forecast to increase by 0.1 million barrels a day, due to production ramp-ups in the Kashagan oil field.
Oil production in the Tengiz field and gas condensate output in the Karachaganak field are also expected to rise marginally.
