Kazakhstan reports on plans to increase oil production

By 2010, Kazakhstan plans to extract annually 102 million metric tons of oil, of which 86 million metric tons will be exported and 16 million metric tons sold domestically.
This forecast was made by the national Kazakhoil company jointly with Kaztransoil.
A 40 million metric ton oil output has been forecast for next year, with 28 million metric tons to be exported. Annual domestic consumption is expected to stand at 12 million metric tons of oil. By 2005, Kazakhstan hopes to extract 60 million metric tons per year and export 46 million metric tons.
According to Kazakhoil and Kaztransoil, this year the republic plans to extract more than 30 million metric tons of oil and gas condensate and export up to 11 million metric tons of oil.
Kazakstan extracted 25.9 million metric tons of oil in 1998 instead of the targeted 28.3 million metric tons.