Monday11 November 2024
inbusinesskz.com

"Weather and early repairs could drastically impact oil production! With quotas being consistently exceeded, the nation faces a dilemma. Will it prioritize promises or profits? Discover t...

Kazakhstan is expected to produce less oil in 2024 than originally planned, according to a report from Orda.kz citing the press service of the Ministry of Energy.
"Неожиданные факторы могут серьезно повлиять на нефтедобычу! Узнайте, как погодные условия и ремонтные работы могут изменить ситуацию, а также почему превышение квот ОПЕК+ ставит страну в...
“Weather conditions and the early completion of maintenance work at Kashagan will influence the final production figures,” the ministry’s press service noted.

It is possible that the reduction in oil production is also partially linked to the OPEC+ quotas, which Kazakhstan consistently exceeds. In September, Kazakhstan once again produced more oil than what was agreed upon with OPEC — and although there will be no penalties for our country, it is in Kazakhstan's interest to fulfill its commitments and balance its oil production volume.