Kazakhstan's oil and condensate production hits record in March, sources say

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Kazakhstan's oil and condensate production hits record in March, sources say

, Reuters - 6:38 AM ET 4/1/2025 default

MOSCOW, April 1 (Reuters) - Kazakhstan's oil output reached a record high in March with higher output from the giant Tengiz oil field and stable exports via the Caspian pipeline, further exceeding OPEC+ production quotas, two industry sources said and Reuters calculations showed on Tuesday.

The country has repeatedly exceeded its OPEC+ quotas in recent months and has promised to reduce output under pressure from OPEC+ leaders Saudi Arabia and Russia.

Oil and gas condensate production in Kazakhstan reached 8.95 million metric tons in March, or 2.17 million barrels per day (bpd), the sources said. That compared with 2.15 million bpd on average in February, according to the state's Energy Ministry.

Kazakhstan's OPEC+ quota doesn't limit condensate production, but crude oil output is meant to be set at 1.468 million bpd. (Reporting by Reuters)

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