Kazakhstan may beat its oil output forecast by 2% in 2025, Reuters data shows
According to calculations, oil output in Kazakhstan may rise this year to around 97.7 million metric tons, or 2 million barrels per day, from a previous projection of 96.2 million tons.
Kazakhstan, among the world's 10 biggest oil producers, has persistently exceeded quotas set by OPEC+, an alliance between the Organization of the Petroleum Exporting Countries and other producers led by Russia.
KazMunayGaz raised its forecasts for oil output at the country's largest oilfield, Tengiz, by 900,000. It also revised up expectations for output at Kashagan by 200,000 tons and Karachaganak by 360,000 tons.
U.S. major Chevron (CVX.N), opens new tab embarked in January on a $48 billion expansion of Tengiz, which is one of the world's deepest and most complex fields due to high sulphur levels and harsh weather conditions.
Output at the field from January to May reached 15.9 million tons, according to KazMunayGaz.
Kazakhstan produced 87.8 million tons last year.
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The Herald Scotland
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Nothing just or orderly about transitioning to the dole
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