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OPEC reviews outlook on oil production in Kazakhstan

16 March 2022 12:24 (UTC +04:00)

Organization of Petroleum Exporting Countries (OPEC) has not changed its outlook on daily production of oil and other hydrocarbons on Kazakhstan for 2022, APA-Economics reports citing OPEC's monthly report.

"Liquids output in Kazakhstan declined slightly by 23 tb/d to average of 1.99 mb/d in January. Kazakhstan crude production declined by 37 tb/d m-o-m in January to average of 1.6 mb/d, following the highest output reached since April 2020 in December 2021.

Production of NGLs inched up by 14 tb/d m-o-m in January to average 0.39 mb/d. Kazakhstan’s liquids supply forecast for 2021 is estimated to have averaged 1.84 mb/d, higher by 0.01 mb/d y-o-y, while for 2022, liquids supply is forecast to grow by 0.15 mb/d to average 1.99 mb/d," reads the report.