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Kazakh Crude Production Recovering from Power Outage Earlier in Week

OIL

Kazakhstan’s oil production is gradually recovering after a power cut early in the week hampered volumes.

  • Kazakhstan oil production was at 238,600 tons on Thursday vs 223,700 tons on Wednesday, 200,100 tons on Tuesday, 218,900 tons on Monday and 252,600 tons on Sunday (before production was hit).
  • The Caspian Pipeline Consortium continued to receive crude oil from shippers during the power restrictions in Kazakhstan this week according to Interfax reports but at a slowed pace.
  • “The equipment of the CPC facilities is intact, at present all oil pumping stations are operating normally," the consortium said.
  • The group said yesterday - "There were no restrictions on the acceptance of oil from suppliers, all the volumes proposed by shippers were accepted for delivery."
  • Earlier in the week when hit by the power issues, CPC was only receiving from oil from Tengiz and not other Kazakh fields.
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