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EIA reveals forecasts for oil output in Turkmenistan

Oil&Gas Materials 8 May 2019 10:08 (UTC +04:00)

Baku, Azerbaijan, May 8

By Leman Zeynalova – Trend:

Turkmenistan is expected to produce 0.26 million barrels of petroleum and other liquids per day as of 2019, the US Energy Information Administration (EIA) said in its May Short-term Energy Outlook (STEO), Trend reports.

This figure is expected to drop to 0.24 million barrels per day in 2020, according to EIA’s forecasts.

Turkmenistan will produce 0.25 million barrels of petroleum and other liquids per day in the first quarter of 2019 and the remaining three quarters of the year will see the fixed volume of 0.26 million barrels per day.

This is while the country’s quarterly production in 2020 is expected to remain at 0.24 million barrels per day for all four quarters.

EIA estimates that Turkmenistan’s daily petroleum and other liquids production stood at 0.28 million barrels as of 2018.

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