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Tengiz maintenance to affect Kazakhstan's overall oil output - OPEC

Oil&Gas Materials 13 September 2021 16:38 (UTC +04:00)

BAKU, Azerbaijan, September 13

By Nargiz Sadikhova - Trend:

Maintenance in Tengiz oil and gas field would affect Kazakhstan’s overall oil output for 3Q2021, Trend reports citing OPEC’s Monthly Oil Market Report - September 2021.

The report said that liquids production in Kazakhstan was flat in May to July at 1.83 million barrels a day. Kazakh crude oil output in July was marginally higher by 16,000 barrels a day to average 1.49 million barrels a day.

NGLs output in July was down by 8,000 barrels a day to average 343,000 barrels a day.

The Kazakhstan liquids supply forecast is expected to grow by 0.03 million barrels a day and average 1.85 million barrels a day in 2021. In 2022, liquids supply is likely to grow by 0.13 million barrels a day to average 1.98 million barrels a day.

Caspian Pipeline Consortium’s export data shows a lower volume in August by 0.21 million barrels a day, than reported by other sources.

Any maintenance in Tengiz, with a current production level of around 0.59 million barrels a day, or in Kashagan at 0.33 million barrels a day, would affect the monthly oil output in 3Q21.

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Follow the author on Twitter: @nargiz_sadikh

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