The US expects the reduction in oil production in Kazakhstan in 2015-2016 years to 1.71 million barrels per day
Almaty. November 12. Silkroadnews - Oil production in Kazakhstan in 2015-2016 will drop to 1.71 million barrels of oil a day compared to 1.72 million barrels of oil a day in 2014, reported Trend with reference to the short-term outlook for the management of US Energy Information Administration (EIA).
According EIA, in I quarter 2015 oil production in Kazakhstan reached 1.76 mln barrel per day, in II - 1,71 mln barrels per day, III - 1,69 mln barrels. per day. Oil in the IV quarter of this year, according to EIA, will be 1.69 million barrels of oil per day.
Office of Energy Information Administration said that in the first and second quarters of 2016, oil production in Kazakhstan is forecasted at 1.7 million barrels of oil a day, in the third quarter - 1.71 million barrels of oil per day. The maximum production of oil in Kazakhstan next year, according to EIA, expected in the IV quarter at a level of 1.74 million barrels of oil per day.
According to a statistical review of BP, the proven oil reserves in Kazakhstan at the beginning of 2015 amounted to 30 billion barrels.