ASTANA, Kazakhstan, October 11. Kazakhstan's oil production in September 2023 reached 1.54 million barrels per day (mb/d), Trend reports.
As indicated in a Platts survey conducted by S&P Global Commodity Insights, this marks an increase compared to August 2023, when the country's output stood at 1.45 mb/d.
Moreover, Kazakhstan has been lagging behind its production quota of 1.55 mb/d, which was established as part of the OPEC+ agreement, for several months already. Consequently, in September, Kazakhstan fell short of the quota by 10,000 b/d.
As the latest OPEC+ decision came into force on June 4, Kazakhstan is expected to adjust its oil production level to 1.628 mb/d throughout 2024.
The volume of oil production in 2022 in Kazakhstan amounted to 84.2 million tons, or 101.6 percent of the planned figure.
The Tengiz field produced 29.2 million tons of oil, or 100 percent of the 2022 plan. Oil production at the Karachaganak field amounted to 11.3 million tons, or 103.8 percent of the plan. At Kashagan, oil production amounted to 12.7 million tons, or 109.5 percent.
Oil exports in 2022 reached 64.3 million tons, or 103.4 percent of the plan.
Kazakhstan also plans to produce 90.5 million tons of oil in 2023, of which 71 million are planned to be exported.
The volume of oil production in Kazakhstan at the end of 2021 amounted to 85.9 million tons; in 2020, it was 85.7 million tons.
