OPEC reviews outlook on oil production in Kazakhstan

Organization of Petroleum Exporting Countries (OPEC) has not changed its outlook on daily production of oil and other hydrocarbons on Kazakhstan for 2022, SİA 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.

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