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OIL: Kazakhstan's Tengiz Oil Output Fell by 25% in Early May

OIL

Oil production at Kazakhstan's Tengiz oil fell by 25% from April's average in May 1-5 to 474kbpd, according to a Reuters source.

  • Tengizchevroil previously announced scheduled maintenance at one of the six production trains at the Tengiz field in May.
  • CPC Blend oil BFO-CPC exports are likely to fall from 5.4m tons in April to 4.9m metric tons in May due to the maintenance, sources said.

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