Kazakh Oil Output Hits Record High

Kazakhstan's oil output has surged to a record high despite damage to the Caspian Pipeline Consortium (CPC), its main export route via Russia. Kazakhstan’s oil and gas condensate production clocked in at 2.12 million barrels per day (bpd) on February 19, the sources said, citing official data. Russia reported this week that CPC capacity was cut 30-40% after an attack by Ukrainian drones. It’s not clear how Kazakhstan has managed to ramp up output despite having constrained export capacity. ?azakhstan relies on CPC for more than 80%…