Azerbaijan’s Energy Ministry welcomed the decision and is now scheduled to produce 675,000 bpd in March.

To date, the EBRD has invested more than $10.3 billion in the economy of Kazakhstan in the framework of 295 projects.

Uzbekistan’s real GDP growth in 2022 is expected to be around 5.5-6.5 percent.

Annual inflation in Kyrgyzstan reached 11.2 percent in 2021. The bank said that consumer prices rose by 0.9 percent from the beginning of this year.