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Free AccessKazakhstan's Crude Output Recovering
Kazakhstan's daily oil and gas condensate output increased to 258,900t on Sunday, a level not seen for months due to planned and emergency outages at key oil fields. Volumes were boosted by the return of the Kashagan field late October.
• Previously, Kazakhstan produced 244,600t per day of oil and condensate on 5 November and 234,600t per day on 4 November.
• Kazakhstan's crude exports have been restricted by the outage of two mooring points at the Caspian Pipeline Consortium terminal in the Black Sea which exports most Kazakh crude.
• Two of three moorings at the CPC have been out of service since August because of damage to the tanks. Repairs are currently underway, as both tanks of the moorings will be replaced. The first tank has been removed on 29 October, a spokesperson for the facility said end October. Chevron expects CPC pipeline flows to return this month though no official announcement has been made for their return.
• Previously, the CPC moorings were expected to return on 15 October, a statement by the Energy Minister Bolat Akchulakov said.
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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.