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Kazakhstan expects to hit oil production quota - Renaissance Capital

Kazakhstan Materials 6 December 2022 17:52 (UTC +04:00)
Kazakhstan expects to hit oil production quota -  Renaissance Capital
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, December 6. Kazakhstan may hit its full monthly quota by the end of 2022, after an over-compliance during most part of the year and OPEC+'s decision to maintain production quotas, Trend reports, with reference to Renaissance Capital investment bank.

This may be possible due to an increase in oil and condensate production in November, which reached the levels of the first quarter of 2022. Particularly, the increase was observed at Kashagan Field.

Two of the three single-point moorings (SPM) at the Caspian Pipeline Consortium (CPC) were out of commission since August. The repair of one of the SPMs was finalized in mid-November, which made it possible to restore the loading capacity.

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