BAKU, Azerbaijan, August 9. Kazakhstan's oil production in July 2023 amounted to 1.5 mb/d, Trend reports.
The latest Platts survey from the S&P Global Commodity shows that the country's production decreased by 0.05 mb/d month-on-month (1.55 mb/d in June 2023).
As of July, Kazakhstan's quota for oil production under the OPEC+ deal stood at 1.55 million b/d.
Thus, according to S&P Global Commodity report, in the reporting period of 2023, Kazakhstan lagged behind the OPEC+ quota by 0.05 mb/d.
Meanwhile, oil and gas condensate production volume of KazMunayGas, the country's national energy company, in the first half of 2023 totaled 11.7 million tons, smashing the data of last year's same period of 10.1 percent.
Furthermore, as the latest OPEC+ decision came in force June 4, Kazakhstan will adjust its oil production level to 1.628 mb/d throughout 2024.