Kazakhstan’s Oil Output Hits Record High Of 2.1 Million bpd

Kazakhstan has ramped up oil production, with the country’s crude oil and gas condensate--a type of light oil- output hitting a record high of 2.12 million barrels per day in February, good for a 13% increase from January. Excluding gas condensate, crude oil production increased 15.5% m-o-m to 1.83 million bpd. The OPEC+ member has been able to increase oil output despite damage to the Caspian Pipeline Consortium (CPC), its main export route via Russia. Two weeks ago, Russia reported that that CPC capacity was cut by 30-40% after an attack…