• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 19th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A views shows an oil drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. Turar Kazangapov/
A views shows an oil drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. Turar Kazangapov/
Home
Business
Energy

Exclusive: Kazakhstan's oil output returns to growth in June, matching record-high

July 1st, 2025 | 12:46 PM BUSINESS Energy 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

LG Energy, once fixed on EV batteries, jumps to Plan B
Chilean miner SQM's shares rise after earnings beat, higher lithium outlook
Turkey is ready to search for oil and gas in Syria, Turkish minister says
Moscow's fuel stations limit sales amid shortages
By Reuters

Oil output in Kazakhstan, one of the world's 10 biggest producing countries, returned to growth last month and matched an all-time high, as the Chevron-led (CVX.N) Tengiz field ramped up, a source familiar with the data told Reuters on Tuesday.

Kazakhstan has persistently exceeded quotas set by OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers led by Russia.

Its overproduction has angered some of the group's members, sources have told Reuters, and has been one of the reasons for faster-than-expected output increases from OPEC+ as it fights for market share and seeks to punish those breaching curbs with lower international prices.

The source, speaking on condition of anonymity because of the sensitivity of the issue, said Kazakhstan's daily crude oil output, excluding gas condensate, a type of light oil, jumped in June by 7.5% from May to 1.88 million barrels per day.

That matched an all-time high reached in March and was above Kazakhstan's quota of 1.5 million bpd for June under the OPEC+ deal.

Total oil and gas condensate production in Kazakhstan rose to 2.15 million bpd last month from 2.02 million bpd in May, according to the source.

Daily oil output at Tengiz, Kazakhstan's largest oilfield, jumped in June to 953,000 bpd from 813,200 bpd in May, the source said.

Chevron embarked in January on a $48 billion expansion of Tengiz, which is one of the world's deepest and most complex fields due to high sulphur levels and harsh weather conditions.

Tengizchevroil, the operator of Tengiz, has not commented on its commercial activity, while Kazakhstan's energy ministry did not immediately reply to a request for comment.

It has said it was committed to the OPEC+ deal, but also said the country's national interest is of paramount importance.

Eight members of OPEC+ - Saudi Arabia, Russia, Kuwait, Iraq, the United Arab Emirates, Kazakhstan, Oman and Algeria - will meet on July 6 to decide on their production policy for August.

Four delegates from the group told Reuters that OPEC+, is set to announce another big increase of 411,000 barrels per day in production for August.

According to the source and Reuters preliminary calculations, the country's crude oil production without condensate rose in the first half of the year by 13% from the same period a year ago to 1.79 million bpd.

Kazakhstan may exceed its previous oil production forecast by around 2% this year following an upgrade to output at its largest Caspian oilfields, Reuters calculations, based on data from state-owned energy company KazMunayGaz (KMGZ.KZ), showed on Monday.

  • Topic
  • Kazakhstan
  • OIL/OUTPUT (EXCLUSIVE)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article LG Energy, once fixed on EV batteries, jumps to Plan B

Related Posts

Energy
August 19th, 2026

LG Energy, once fixed on EV batteries, jumps to Plan B

Energy
August 19th, 2026

Chilean miner SQM's shares rise after earnings beat, higher lithium outl...

Energy
August 19th, 2026

Turkey is ready to search for oil and gas in Syria, Turkish minister say...

Energy
August 19th, 2026

Moscow's fuel stations limit sales amid shortages

Energy
August 19th, 2026

Oil exports from Russia's western ports drop 15% below plan, traders say

Energy
August 19th, 2026

US, Indian fuel exporters profiting from supply uncertainty during wars

The Wire
Aug 19th 4 h ago
Government

DOJ argues Comey novel shows he knew ‘86 47’ post was a thr...

Aug 19th 4 h ago
Business

Fed policymakers' inflation concerns increased at July meet...

Aug 19th 4 h ago
Sports

Swiss rider Poncini dies in Manx GP qualifying

Aug 19th 4 h ago
Business

Amazon plans drone delivery expansion to about 500 US local...

Aug 19th 4 h ago
Litigation

Abbott settles appeal over $495 million infant formula verd...

TRENDING ON FINANCETIME
Aug 19th, 2026 Sports

Mets' Jorge Polanco (ankle) to have season-ending surgery

Aug 19th, 2026 Sports

Reports: Phillies sign free agent LHP Nestor Cortes

Aug 19th, 2026 Business

US CFTC seeks comment on compute derivatives as AI demand grows

Aug 19th, 2026 Technology

Payments firm Stripe to buy AI developer platform OpenRouter

Aug 19th, 2026 Government

ABC says intimidation by Trump's FCC forced programming changes

Markets-Sectors
ENERGY -0.16%
FINANCIALS -0.62%
TECHNOLOGY -1.07%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT