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Kazakh Oil Production Falters Under Power Issues

OIL

Kazakhstan oil production was at 200,100 tons on Tuesday down from 218,900 on Monday and 252,600 tons on Sunday because of power issues in the oil producing region.

  • Electricity was partially suspended due to an accident at the Mangistau Atomic Energy Complex which generates and supplies thermal and power energy to the industrial facilities and the population in the region.
  • Kazakhstan's Atyrau Oil Refinery will fully restore its production disrupted by an emergency shutdown caused by the power outage at Mangistau Atomic Energy Complex by the end of the week according to KazMunayGas.
  • The CPC pipeline announced it was running on reserve power and receiving at a lowered rate Tuesday. Backup power sources are currently supplying electricity to the JSC CPC-K facilities, and oil is being received from suppliers as usual, CPC-K assured.
  • "The CPC has not stopped receiving oil, and the planned volume of pumping will be reached," Kazakh Energy Minister Almasadam Satkaliyev said.
Energy BulletsCommodities
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