KazMunayGas increases oil production by 5.8% to 6.416 mln tonnes in Q1 2025National company KazMunayGas (KMG) produced 6.416 million tonnes of oil in January-March 2025, a 5.8% increase year-over-year, the company said in a statement.“KMG’s oil and gas condensate production volume for Q1 2025 amounted to 6.416 million tonnes (540,000 barrels per day), which is 5.8% higher than Q1 2024 levels,” the statement said.Meanwhile, oil transportation decreased by 2.9%, to 20.920 million tonnes.Hydrocarbon feedstock processing at Kazakh and Romanian refineries rose by 11.1%, reaching 5.137 million tonnes.The company clarified that production figures reflect KMG’s ownership share in joint and associated ventures, as well as 100% of the results from fully consolidated subsidiaries.Oil production at Tengiz surged by 24.9%, to 1.874 million tonnes. The growth is attributed to the launch of a Third-Generation Plant under the Future Expansion Project (January 2025).Oil production at Karachaganak rose by 1.8%, to 296,000 tonnes. ”The increase is linked to higher volumes of raw gas reinjection into the reservoir at Karachaganak’s production facilities”, the statement says.Oil production at Kashagan fell by 2.5%, to 761,000 tonnes. The decline was due to increased gas content in the oil.National Company KazMunayGas JSC is the national operator for exploration, production, processing and transportation of hydrocarbons. The company represents the state interests in the oil and gas sector of Kazakhstan. (ICE ALMATY)

Fonte notizia: INTERFAX