Kazakhstan has reduced its forecast on oil extraction
Edited by Rhod Mackenzie / 2015-02-19 01:23:03
Oil extraction in Kazakhstan in 2015 is forecast at the level of 80.5 mln tons, is said in the Government draft regulation “On introduction of changes and additions to the law “On the country’s budget for 2015-2017”.
In 2015 the oil extraction will make up 80.5 mln tons, in 2016 – 80.8 mln ton, 2017 – 86 mln tons, 2018 – 90 mln tons, 2019-93 mln tons, is said in the document.
The country’s budget for 2015-2017 is developed out based on the forecast price for Brent oil at $80/barrel in 2015, and oil extraction will be at the level of 81.8 mln tons in 2015.
