IEA Revises Outlook For Kazakhstan's Oil Production In 2025
Date
10/18/2024 11:03:01 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 19 Kazakhstan's oil
production is expected to reach 2.02 mb/d in 2025, Trend reports.
The International energy Agency (IEA) has adjusted its forecast
for Kazakhstan's oil production, lowering it by 0.01 mb/d.
According to the latest data, Kazakhstan is expected to produce
approximately 1.96 mb/d in the first quarter of 2025, increasing to
2 mb/d in the second quarter and reaching 2.03 mb/d in the third
quarter.
For 2024, Kazakhstan's average oil production is projected to be
1.88 mb/d, with an estimated output of 1.86 mb/d in the third
quarter, followed by a decrease to 1.82 mb/d in the fourth
quarter.
Additionally, the IEA reported that Kazakhstan's average oil
production for 2023 was 1.93 mb/d, reflecting a year-on-year
increase of 0.11 mb/d.
In 2023, the country's total production reached 90 million tons,
marking a 6.9 percent increase from 2022. Kazakhstan aims to
produce 97.2 million tons by 2025, with plans to raise production
to 104.8 million tons by 2029.
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