Kazakhstan cut oil exports by 30% in Jan/Dec amid Tengiz outage and CPC loading restrictions, source say

Reuters
02/03
Kazakhstan cut oil exports by 30% in Jan/Dec amid Tengiz outage and CPC loading restrictions, source say

MOSCOW, Feb 3 (Reuters) - Kazakhstan reduced exports of oil and gas condensate to 3.8 million metric tons (0,91 million barrels per day, bpd) in January 2026 from 5.4 million tons (1.3 million bpd) in December 2025, a source familiar with the data told Reuters.

Kazakh exports fell after throughput on the country’s main route, the Caspian Pipeline Consortium (CPC) pipeline, declined and production at the giant Tengiz oil field was suspended following a fire.

The Energy Ministry did not immediately respond to a Reuters request for comment.

Shipments of Kazakh oil via CPC fell to 2.7 million tons (0.69 million bpd) in January from 3.9 million tons (0,99 million bpd) in December.

In December, CPC limited oil loading after its single point mooring (SPM‑2) was damaged in an attack by sea drones, and also due to adverse weather conditions, operating only one of its three single point moorings — SPM‑1. The CPC was able to load oil an roughly the half of its capacity.

Kazakhstan cut oil and condensate output in January 2026 to 1.27 million bpd from 1.86 million bpd the previous month.

Production at the Tengiz and Korolev fields was halted for most of January due to a fire at power generators at the field.

According to the sources, the operator of another major Kazakh field, Kashagan — the NCOC consortium — began planned maintenance on the oil field in January due to CPC loading restrictions, and had also reduced oil output.

Kazakhstan increased exports of oil and condensate in 2025 to 78.8 million tons from 68.6 million tons in 2024 as production rose at major fields.

(Reporting by Reuters, Editing by Louise Heavens)

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