Kazakhstan's Oil Production Drops In May 2024 - OPEC Data
Date
6/21/2024 2:21:23 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 21. Kazakhstan's crude
production in May 2024 has been estimated at 1.511 million b/d,
Trend reports.
According to OPEC's latest report, the country's oil output in
the reporting period decreased by 62,000 b/d month-on-month (1.73
million b/d in March 2024).
This volume also decreased by 101,000 b/d, compared to February
2024 output (1.612 million b/d).
In 1Q2024, Kazakhstan's daily crude output totaled 1.613
barrels, an increase of 7,000 b/d from 1.606 million b/d in 4Q2023,
and by 84,000 b/d from 1.529 b/d in 3Q2023, the bloc's data
says.
Meanwhile, total non-OPEC DoC crude oil production averaged
14.29 mb/d in May 2024, a decrease of 152,000 b/d month-on-month.
Crude oil output increased primarily in Mexico, while production in
Russia and Kazakhstan declined.
Meanwhile, Kazakhstan produced 90 million tons of oil in 2023,
which is 6.9 percent higher than in 2022. Oil exports also
increased and amounted to 70.5 million tons, which is 9.6 percent
more than the previous year.
Moreover, Kazakhstan plans to increase oil production in 2024 to
90.3 million tons.
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