SEATTLE (Oil Monster): Kazakhstan's daily crude oil output, excluding gas condensate, a type of light oil, rose to 1.88 million barrels per day (bpd) in August from 1.84 million bpd in July, a source familiar with the data told Reuters on Tuesday.
Kazakh crude oil output last month rose 2% from July on a daily basis, according to Reuters calculations.
The level was above Kazakhstan's quota of 1.53 million bpd for August under a deal agreed with oil producer group OPEC+.
Kazakhstan has for several months been producing above its quotas set by OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers led by Russia.
Total oil and gas condensate production in Kazakhstan rose to 2.15 million bpd last month from 2.09 million bpd in July, said the source, speaking on condition of anonymity because of the sensitivity of the issue.
Kazakhstan's Energy Ministry did not reply to a Reuters request for a comment.
Courtesy: www.reuters.com
