Daily output from Kazakhstan’s largest field, Tengiz, rose to a record of 870,000 barrels per day (bpd) late in January, up 45% from the 2024 average, according to two industry sources familiar with the data and Reuters calculations.

Tengiz, operated by Chevron-led Tengizchevroil (TCO), is expected to reach production of 34.7 million metric tons (or about 760,000 bpd) in 2025, up 24.8% from 2024, the Kazakh Energy Ministry said.

Earlier, TCO said the scheduled maintenance at Tengiz had been completed and “a gradual ramp-up of a new third-generation plant (3GP) production” was launched. It is expected to expand Tengiz’s crude oil output by an extra 12 million tons per year.

Oil output from Tengiz was curbed for almost two months late in 2024 and until mid-January of 2025 due to maintenance.

According to the sources, oil exports via Caspian Pipeline Consortium (CPC) system will be revised up amid higher output on Tengiz. Tengiz oil is mostly supplied to exports via CPC.

The initial February CPC Blend oil loading plan was set at 5.1 million tons.

The press service of Chevron, the main shareholder of TCO, declined to comment on specific details of its current or future production levels, or on specific details of its operations.

The Ministry of Energy of Kazakhstan did not immediately respond to a Reuters request for comment on Monday. CPC declined to comment on February deliveries.
Source: Reuters