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Kazakhstan's Oil Production at 1.45mn bpd in May

OIL

Kazakhstan’s oil output (excluding condensate) fell to 1.451mn bpd in May – down 6% m/m according to Reuters sources.

  • At that level, output was 17,000 bpd below the OPEC quota of 1.468mn bpd.
  • The country is expected to compensate for oversupply earlier this year.
  • Kazakhstan's oil and condensate output also declined by 5% in May from April to 1.69 million bpd.
  • TCO reported earlier Monday, maintenance at the Tengiz field had been completed in May.

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