Kazakhstan's April Oil and Gas Condensate Production Rises 16% from March

Deep News05-04 22:31

A source familiar with the data stated on Monday that Kazakhstan's production of oil and gas condensate increased by 16% in April compared to March. The country, which accounts for over 2% of global oil output, saw the rise mainly due to increased production at major oil fields.

The source indicated that total production rose to 2.17 million barrels per day in April, up from 1.87 million barrels per day in March.

The increase was largely driven by higher output from the Tengiz field, Kazakhstan's largest oil field. According to the source, production at Tengiz surged by 39% to 973,000 barrels per day.

The Tengiz field has recovered from a large-scale power outage that occurred in January, which was reported at the field located near the Caspian Sea in western Kazakhstan.

The field is operated by Tengizchevroil, in which Chevron holds a 50% stake. ExxonMobil owns 25%, KazMunayGas holds 20%, and Lukoil owns a 5% share.

Production at the Kashagan field increased by 9% in April to 414,000 barrels per day. Output at another major field, Karachaganak, grew by 6% to 250,600 barrels per day.

The source noted that, excluding condensate, crude oil production in April climbed to 1.93 million barrels per day from 1.64 million barrels per day in March. This figure is significantly higher than Kazakhstan's OPEC+ quota of 1.579 million barrels per day for April.

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This figure is significantly higher than Kazakhstan's OPEC+ quota of 1.579 million barrels per day for April.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IXC","symbol_name":"全球能源业ETF-iShares","start_time":0,"source_url":"","article_id":"1170941379","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170941379","pubTimestamp":1777905079,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"A source familiar with the data stated on Monday that Kazakhstan's production of oil and gas condensate increased by 16% in April compared to March. 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