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Kazakhstan's 3Q2022 oil extraction forecast unveiled

Oil&Gas Materials 8 September 2022 10:47 (UTC +04:00)
Kazakhstan's 3Q2022 oil extraction forecast unveiled
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, September 8. Kazakhstan will be extracting 1.56 million barrels a day of oil and other liquids in 3Q2022 (as compared to 1.96 million barrels a day of oil and other liquids forecast in the previous report), Trend reports with reference to the Short-Term Energy Outlook (STEO) of the US Energy Information Administration (EIA).

The report said that extraction in 1Q2022 amounted to 2.01 million barrels a day and to 1.77 million in 2Q2022.

The EIA forecasts that oil production will stand at 1.95 million in 4Q2022 (2.01 million in the previous report).

Furthermore, the EIA forecasts that Kazakhstan’s liquids output will equal 1.82 million barrels a day in 2022 (1.94 million barrels a day in the previous report).

The annual 2023 liquids production in Kazakhstan is also forecast to be at 1.98 million barrels a day, the report said (2 million barrels a day in the previous report)

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