ALMATY, Jul 16 (NNN-KNA) – Kazakhstan’s crude oil output in the first half of this year rose 11.6 percent, year on year, to 49.9 million tonnes, it was reported, yesterday.
Kazakhstan’s Energy Minister, Yerlan Akkenzhenov, said, at a government briefing that, the country’s oil exports rose 11.9 percent in the same period to 39.6 million tonnes, and the export target for the full year is 70.5 million tonnes.
Prime Minister, Olzhas Bektenov, reaffirmed Kazakhstan’s commitment to the Organisation of the Petroleum Exporting Countries and its partners (OPEC+), saying, the country is doing its best to meet its obligations, under the voluntary output agreement.
However, Bektenov acknowledged, Kazakhstan faced temporary difficulties in meeting production quotas, due to an ongoing expansion project at the Tengiz oil field, the country’s largest oil field. Once the project is completed, Kazakhstan will raise its projected obligations, he said.
According to the Energy Ministry, Kazakhstan supplied 1.86 million barrels of crude per day, in Jun, up from 1.78 million barrels in May, staying above its voluntary OPEC+ quota.– NNN-KNA
