In 2023, Kazakhstan will produce 160,000 more barrels of oil and gas condensate per day than it did last year, according to the Organization of the Petroleum Exporting Countries (OPEC).
Expansion projects by Kashagan, Tengiz and Karachaganak are expected to be behind this increase in Kazakhstan’s output. In December 2022, the country already increased its production by 7,000 barrels to 1.6 million barrels a day thanks to Kashagan and Karachaganak.
OPEC believes that non-member countries will decrease their oil and gas condensate production by 150,000 barrels a day to 67.01 million barrels a day this year. However, countries such as...