BAKU, Azerbaijan, October 14
By Nargiz Sadikhova - Trend:
Kazakhstan liquids supply forecast for 2021 is expected to decline, Trend reports citing OPEC’s Monthly Oil Market Report - October 2021.
The report said that maintenance in the Tengiz field led to a cumulative production shut-in of 11.6 million barrels in August and September in Kazakhstan.
Kazakh crude output declined by 0.22 million barrels a day month-on-month in August, as per preliminary data.
NGLs output in August is estimated to have declined by 31,000 barrels a day to average 309,000 barrels a day.
“The Kazakhstan liquids supply forecast for 2021 is expected to decline by 0.01 million barrels a day and average 1.81 million barrels a day, revised down by 0.04 million barrels a day, due to production outages in August and September owing to maintenance in the Tengiz field,” the report said.
In 2022, liquids supply is likely to grow by 0.17 million barrels a day to average 1.98 million barrels a day. CPC data shows lower export volumes in August than reported by other sources by 0.21 million barrels a day.
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