Source: Kazakhstan's daily oil production and condensate output has risen by 40% in February.
A source familiar with these data said on Wednesday that Kazakhstan's oil production and gas condensate increased sharply in the first two weeks of February. It reached a record 1.8 million barrels per day compared to 1.27 million in January.
Calculations show that the jump represents a '40% increase from the previous months output. The increase was mostly due to higher production at the giant oil 'field of?Tengiz, which resumed operation after the power failure in January temporarily stopped the output.
The production of Tengiz is still slightly lower than expected due to the ongoing loading disruptions on the Caspian Pipeline consortium terminal.
According to data from? data.
The Ministry of Energy in Kazakhstan did not immediately respond to an inquiry for comment.
(source: Reuters)