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EIA revises forecast for Kazakhstan's 2Q2022 oil production

Business Materials 8 June 2022 09:58 (UTC +04:00)
EIA revises forecast for Kazakhstan's 2Q2022 oil production
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, June 8. Kazakhstan will be extracting 1.78 million barrels a day of oil and other liquids in 2Q2022 (as compared to 1.75 million barrels a day of oil and other liquids forecast in the previous report), Trend reports with reference to the June Short-Term Energy Outlook (STEO) of the US Energy Information Administration (EIA).

The report said that extraction in 1Q2022 amounted to 2.01 million barrels a day.

The EIA forecasts that oil production will stand at 1.96 million in 3Q2022, and 2 million in 4Q2022 (1.91 million and 2.01 million in the previous report, respectively).

Furthermore, the EIA forecasts that Kazakhstan’s liquids output will equal 1.94 million barrels a day in 2022 (1.92 million barrels a day in the previous report).

The annual 2023 liquids production in Kazakhstan is also forecast to be at 2 million barrels a day, the report said (1.98 million barrels a day in the previous report)

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