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OIL
Kazakhstan’s crude and condensate production slipped in February, after one of six trains at the Tengiz field was shut for part of the month for unplanned work data from Kazakhstan’s Information-Analytical Centre of Oil & Gas showed.
- Crude and condensate output In Feb declined to 1.85mbpd, down from 1.88mbpd in Jan.
- Excluding condensate, crude production stood at 1.59mbpd in Feb, below its 1.628mbpd OPEC quota.
- Production was reduced by unplanned works at the giant Tengiz field as one of the six production trains went offline on 9 Feb. Output was fully restored at Tengiz near the end of the month, operator TCO said.
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.
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