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Oil Output At Kazakhstan’s Largest Fields Fell 56% Post Storm


Oil production at Kazakhstan's largest fields has fallen 56%, Shyngys Ilyasov, adviser to the country's energy minister, said, cited by Interfax.

  • Oil output at Kazakhstan’s oil fields has been reduced due to lower oil reception at the CPC and Novorossiysk oil terminals due to a halt in loadings. A storm in the region has caused loadings to stop at both terminals. While loadings at Novorossiysk could temporarily resume on Tuesday, the operator said, loadings at the CPC terminal are likely to be halted most of the week due to the ongoing storm.
  • Tengizchevroil’s daily oil output is expected to fall to 30,000 tons tomorrow, the energy ministry said, cited by Bloomberg. This is down from the usual 84,000 tons.
  • TCO on Monday announced to adjust Tengiz oil output lower. "TCO is closely monitoring the worsening weather conditions in Novorossiysk and will make the required production adjustments to ensure safe operations," TCO said on Monday.
  • Kashagan’s daily output is expected to fall to 19,000 tons tomorrow, the ministry said. Kashagan oil output was just under 430kbpd in October according to TotalEnergies Chairman Frode Ljones.
  • Karachaganak’s oil output is expected to drop to 27,000 tons tomorrow, the ministry said. The field usually produces 221kbpd according to Platts.

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