2 weeks Ago By [email protected] (MENAFN)
This boost in production was driven by the rapid ramp-up ofoutput at the Tengizchevroil-led Tengiz expansion project, despitea 17 February drone strike on a Caspian Pipeline Consortium (CPC)pipeline pumping station in Kropotkin, Russia. Preliminary data from Kpler indicated that loadings fromNovorossiysk, the CPC pipeline's terminus, rose for the secondconsecutive month, with CPC-origin loadings increasing by 18%,reaching their highest level in a year at over 1.6 mb/d.
Kazakhstan produced 310 kb/d above its OPEC+ target in February,and while the government has indicated an intention to align moreclosely with OPEC+ production cuts, the country's Ministry ofEnergy has previously stated plans to boost liquids output by 10%in 2025, with Tengiz projected to produce at least 25% more than in2024. The IEA has revised Kazakhstan's 2025 crude supply forecastupward by 100 kb/d to 1.8 mb/d, marking an increase of 280 kb/dover its 2024 average.
This adjustment reflects Kazakhstan's recentproduction performance and continued development at its key Tengizfield. MENAFN25032025000187011040ID1109352633 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article.
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