Kazakhstan's Oil Production Slumps By 13%

Crude oil production in Kazakhstan, which is part of the OPEC+ output deal, plunged by 13% in August from July due to regular maintenance at one giant field and an unplanned halt at another huge oilfield, Reuters reported on Monday, quoting two sources with knowledge of daily production data. Excluding condensate, oil production in Kazakhstan dropped to 1.196 million barrels per day (bpd) last month, down from 1.378 million bpd, according to the data cited by Reuters sources. In early August, the offshore oilfield Kashagan in Kazakhstan, which…