Kazakh 2009 oil output expected to grow to 76-79 mm tons in 2009

Jan 20, 2009 01:00 AM

Kazakhstan will boost its oil output to 76-79 mm tons this year from 70.6 mm tons in 2008, Economy Minister Bakhyt Sultanov said.
"The official forecast is 79 mm tons," Sultanov said. "But we take into account the possibility of that volume being cut by 3 mm tons as production at some fields may be cut for profitability reasons if oil price falls below $ 40 per barrel."

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