Baku, Azerbaijan, Sept. 8
By Elena Kosolapova – Trend:
The US Energy Information Administration (EIA) in its Sept. 2016 short-term energy outlook has raised the forecast for the 2017 oil output in Kazakhstan.
The forecast for 2017 was increased to 1.74 million barrels per day as compared to 1.72 in the previous report.
Meanwhile the forecast for 2016 remained unchanged compared to the forecast in Aug. short term energy outlook – at 1.72 million barrels per day.
Oil output in Kazakhstan totaled 1.75 million barrels per day in 2015, according to the EIA.
The EIA says the oil output in Kazakhstan was 1.79 million barrels per day in Q1 2016 and 1.68 million barrels per day in Q2 2016. Oil output in the country is expected at 1.71 million barrels per day in Q3 2016 and 1.69 million barrels per day in Q4 2016.The EIA expects that the oil output will be 1.71 million barrels per day in Q1 of 2017, 1.7 in Q2, 1.74 million barrels per day in Q3, and 1.8 million barrels per day in Q4.
Kazakhstan’s proven oil reserves stood at 30 billion barrels in early 2015, according to BP’s Statistical Review of World Energy.
Tengiz, Karachaganak and Kashagan are the largest oil fields in Kazakhstan.
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