Free Trial

Kazakhstan Plans to Cut Oil Output Through 3 Dec

OIL

Update on Further Oil Output Cuts in Kazakhstan according to the Energy Ministry:

  • Tengizchevroil may cut oil output to 40k tons on Tuesday, from the usual 84k tons. Production is expected to fall to 30k tons on 29 Nov, to 25k tons on 1 Dec and to zero on 3 Dec if conditions do not change.
  • Kashagan is reducing daily oil output to 34k tons on Tuesday and to 19k tons on 29 Nov vs usual at 53k tons.
  • Karachaganak is planning to reduce daily output to 32.2k tons on Tuesday and to 27k tons on 29 November, from the usual 35k tons.
  • Both Kashagan and Karachaganak will keep the reduced oil output levels through 3 December.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.