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Kazakhstan’s Oil Output Rose To Highest Since Feb 2020


Kazakhstan’s crude and condensate production in December increased to the highest level since February 2020, slightly surpassing its OPEC target, according to Bloomberg.

  • Total output of crude and condensate for December rose to 8.07mn t, or 1.9mbpd, up from 1.89mbpd in November and the highest level since February 2020.
  • Excluding condensate, the country’s December crude production is estimated at 1.64mbpd, slightly above its OPEC+ allocation for a second straight month, after eight months of below-target flows.
  • Kazakhstan plans to boost crude and condensate production to 90.5mn t this year from 84mn t in 2022, with exports set to rise to 71mn t from 64.8mn t.
  • Shipments of CPC crude were expected to be about 57mn t in 2022, below an initial plan of 63mn t.

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