Insight
Can Kazakhstan secure a higher OPEC+ reference level?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Two key fields dominate Kazakhstan’s Upstream industry – Tengizchevroil (TCO) and Kashagan. Together, they account for more than 60% of all oil produced in the country and are the focus of investment. Both projects are forecast to add substantial new volumes of production over the coming years, at a time when Kazakhstan is already under pressure to comply with its current OPEC+ targets.
Table of contents
- Successive OPEC+ voluntary cuts have left Kazakhstan struggling to achieve compliance
- Why is Kazakhstan in danger of further overshooting its OPEC+ commitments?
-
Where else could cuts be made to comply with OPEC+ commitments?
- Downside risks to production could ease the burden
- Challenging market conditions could exacerbate the situation
Tables and charts
This report includes the following images and tables:
- OPEC+ Production targets over time
- Kazakhstan monthly crude production
- Average annual oil production by asset
- Kazakhstan oil pipelines
What's included
This report contains:
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