Kazakhstan Adjusts Oil Production Forecast Downward Due to Losses
Kazakhstan has lowered its oil production forecast from 98 to 96 million tons due to losses totaling 3.5 million tons. Factors contributing to this reduction include transformer fires at Tengiz and KTK reception limitations. To compensate, planned maintenance at Kashagan and Tengiz fields has been postponed to 2027. Approximately 80% of extracted oil is exported, with the remainder supplied domestically.
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