Kazakhstan’s oil exports are rising
The country plans to increase its oil exports via the CPC pipeline by 12% in March, reaching 6.7 million metric tons, up from 5.4 million tons in February, Reuters reported.
Export growth despite OPEC+ agreements
Despite commitments to OPEC+ production limits, Kazakhstan continues to increase its oil production, surpassing its agreed quota of 1.468 million barrels per day (bpd).
Tengiz oil field drives the surge
The Tengiz oil field, operated by Chevron, is the main driver of this increase. Its output jumped to 904,000 bpd in February, up from 640,000 bpd in January.
March exports equivalent to 1.71 million BPD
The planned export figure for March translates to 1.71 million barrels of crude oil and gas condensate per day.
February’s total oil production was 2.15 million BPD
Kazakhstan produced 2.15 million bpd of crude oil and condensate in February, with Tengiz alone contributing 0.9 million bpd.
Overproduction promises to be offset later
Kazakhstan has committed to reducing future production to compensate for its excess output, although specific details on these reductions remain unclear.
Caspian pipeline Is a critical export route
The Caspian Pipeline Consortium (CPC) pipeline, stretching over 1,500 km, is the country’s primary export route, transporting more than 1% of the world’s daily oil supply.
Gas condensate production not Included in OPEC+ limits
Some of Kazakhstan’s production, such as gas condensate, is not subject to OPEC+ restrictions, giving the country flexibility in increasing exports.
March 2024 exports were lower than 2025 projections
In March 2024, exports through the CPC were 4.945 million tons, much lower than the planned 6.7 million tons for March 2025.
Ongoing expansion and maintenance play a role
The increase in output is partly due to maintenance completion and expansion projects at key oil fields like Tengiz.
