Trade Resources Market View Kazakhstan Reported That Kazakhstan's Oil Output Is Expected to Average 1.58 MB/D in 2012

Kazakhstan Reported That Kazakhstan's Oil Output Is Expected to Average 1.58 MB/D in 2012

Kazakhstan Today reported that Kazakhstan's oil output is expected to average 1.58 mb/d in 2012, a decline of 20 tb/d from the previous year and unchanged from the previous month.

According to the OPEC's Monthly Oil Market report released in December 2012, "The minor decline comes on the back of limited new developments and the impact of maintenance and declines in mature producing areas. Output is expected to increase in the fourth quarter from the maintenance-curtailed production seen in the third quarter. During the first three quarters of 2012, Kazakhstan's supply decreased by 30 tb/d from the same period of 2011. On a quarterly basis, in 2012 it averages 1.62 mb/d, 1.57 mb/d, 1.52 mb/d and 1.62 mb/d respectively."

Source: http://www.steelguru.com/russian_news/Kazakhstans_oil_output_to_increase_in_the_fourth_quarter_of_2012/295568.html
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Kazakhstan's Oil Output to Increase in The Fourth Quarter of 2012
Topics: Metallurgy