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Kazakhstan Oil Production at 1.578mn bpd in January

OIL

Kazakhstan’s crude production edged up 0.5% in January m/m to 6.7 million metric tons (1.578mn bpd) according to Reuters sources.

  • As part of its OPEC+ deal, Kazakhstan is expected to produce 1.468mn bpd for Q1.
  • Production of crude oil and gas condensate - not covered by the OPEC+ agreement - also rose last month by 0.5% m/m, to 7.8 million tons.

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