EIA publishes outlook for Kazakhstan's oil output
Baku, Azerbaijan, Mar. 13
By Rashid Shirinov – Trend:
Kazakhstan is expected to produce 2.04 million barrels of petroleum and other liquids per day in 2019, Trend reports citing the March Short-Term Energy Outlook (STEO) of the US Energy Information Administration (EIA).
Meanwhile, EIA's estimation for the next year says that petroleum and other liquids production in Kazakhstan will increase to 2.1 million barrels per day.
The country is expected to produce 2.07 million barrels of petroleum and other liquids per day in Q1 2019, 1.87 million in Q2, 2.07 million in Q3 and 2.15 million in Q4.
The quarterly forecasts for Kazakhstan's petroleum and other liquids production for 2020 is as follows: 2.16 million barrels per day in Q1, 2.05 million in Q2, 2.06 million in Q3 and 2.14 million in Q4.
The country produced 1.96 million barrels of petroleum and other liquids per day in 2018, according to EIA.
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