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EIA unveils forecast for Kazakhstan's crude output in 1Q2022

Oil&Gas Materials 10 March 2022 18:13 (UTC +04:00)
EIA unveils forecast for Kazakhstan's crude output in 1Q2022
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, March 10

By Nargiz Sadikhova - Trend:

Kazakhstan will be extracting 2.04 million barrels a day of oil and other liquids in 1Q2022, Trend reports with reference to the January Short-Term Energy Outlook (STEO) of the US Energy Information Administration (EIA).

The EIA forecasts that oil production will stand at 2.01 million barrels a day in 2Q2022, 1.98 million in 3Q2022, and 2.02 million in 4Q2022.

Furthermore, the EIA forecasts that Kazakhstan’s liquids output will equal 2.01 million barrels a day by 2022.

The EIA also noted that Kazakhstan’s oil extraction in 1Q2021, 2Q2021, 3Q2021, and 4Q2021 amounted to 1.87 million barrels a day, 1.86 million, 1.72 million, and 2.01 million respectively, thus making up the overall of 1.87 million barrels a day for 2021.

The annual 2023 liquids production in Kazakhstan is also forecast to be at 2.02 million barrels a day, the report said.

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