Kyrgyzstan Crude Oil Production | 1994-2018 | Data | Chart
Crude Oil Production in Kyrgyzstan remained unchanged at 1 BBL/D/1K in June from 1 BBL/D/1K in May of 2018. Crude Oil Production in Kyrgyzstan averaged 1.38 BBL/D/1K from 1994 until 2018, reaching an all time high of 2 BBL/D/1K in January of 2000 and a record low of 1 BBL/D/1K in January of 2007.
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Looking forward, we estimate Crude Oil Production in Kyrgyzstan to stand at 1.00 in 12 months time. In the long-term, the Kyrgyzstan Crude Oil Production is projected to trend around 1.00 BBL/D/1K in 2020, according to our econometric models.
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Instead, Papa believes current higher US oil prices north of $70/b will generate a spurt of capital into what he calls the "shale machine," but this time the resulting production will not glut the market and tank oil prices as in 2014 since demand is robust and production declines are occurring in many countries such as Venezuela.
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Kyrgyzstan’s economic development continues to be hampered by corruption, lack of administrative transparency, lack of diversity in domestic industries, and difficulty attracting foreign aid and investment.
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