NCOC reduces daily oil output by 38%

North Caspian Operating Company reduced oil output due to suspension of oil lifting by the Caspian Pipeline Consortium in Novorossiysk Port, Kazinform News Agency reports via the Situation-analytical center of Kazakhstan’s Fuel and Energy complex.

Yesterday, NCOC reduced oil production by 38% - from 54,000 to 33,000 tons. On November 26, Tengizchevroil reduced production by 50% and by another 10% on November 28, the company’s press service informed.

On November 27, CPC announced suspension of oil lifting from the Marine Terminal due to bad weather conditions.