Kazakhstan’s September oil production quota set
International Business News – According to the Ministry of Energy of Kazakhstan, Bolat Akchulakov, Minister of the Ministry of Energy, attended the 31st OPEC+ ministerial meeting, which was held online. The meeting discussed how each member country fulfilled its production obligations under the agreement in June.
According to the results of the meeting, it was decided to increase the current production of OPEC+ countries in September by 100,000 barrels per day. Kazakhstan’s oil production quota for September reached 1.71 million bpd.
Kazakhstan’s website Energyprom reported that from January to May this year, the oil production in Kazakhstan was 31.9 million tons, a year-on-year increase of 5.5%. From January to April 2022, the output will be 25.3 million tons, of which 24.4 million tons will be exported, a year-on-year increase of 12.2%. From January to May this year, the whole of Kazakhstan exported 30.2 million tons of crude oil and petroleum products, a year-on-year increase of 12.1%. Of these, more than half were exported to Italy (8.3 million tons), the Netherlands (3.3 million tons), South Korea (2.5 million tons) and China (2.2 million tons).