OIL PRODUCTION IN KAZAKHSTAN WILL INCREASE TO 100 MILLION TONS

Details: 17 September 2019

28.08.19

National Economy Minister of Kazakhstan Ruslan Dalenov said that the country’s oil production would rise to 90 million tons next year and 100 million tons in 2024.

Dalenov announced oil production forecasts in 2020-2024 at the Council of Ministers meeting, that 90 million oil would be produced in Kazakhstan the upcoming year, that figure in 2024 would increase to 100 million tons by large oil wells of Tengiz, Karazhaganak and Kashagan.

Gross domestic product (GDP) was expected to be 75 trillion tenge ($ 194 billion) in 2020, Dalenov noted that the figure would rise to 106 trillion tenge ($ 275 billion) in 2024.

The forecast also stated, “Per capita GDP will be 10.5 thousand dollars in 2020, this figure will rise to 14.3 thousand dollars in 2024. Annual inflation target corridor in the years 2020-2021 will be between 4-6 percent and 3-5 percent in 2024”.

http://kabar.kg/tur/news/kazakistanda-petrol-uretimi-100-milyon-tona-c-kacak/

Republic of Kazakhstan

Capital: Nur-Sultan

Other big cities: Almaty, Shymkent, Aktobe, Karaganda

Form of government: Unitary dominant-party presidential constitutional republic

Area: 2 724 902 km2

Population: 19 169 550 (2021)

Export: $46,9 billion (2020)

Import: $38,1 billion (2020)

International Organizations:

United Nations (UN), The Organization of the Petroleum Exporting Countries (OPEC), United Nations Development Programme (UNDP), United Nations Children's Fund (UNICEF), United Nations Population Fund (UNFPA), United Nations Educational, Scientific and Cultural Organization (UNESCO), United Nations High Commissioner for Refugees (UNHCR), United Nations Women's Development Foundation (UN Women), United Nations AIDS Joint Program (UNAIDS), The Office for the Coordination of Humanitarian Affairs (OCHA), World Health Organization (WHO), United Nations Office on Drug and Crime (UNODC), International Labor Organization (ILO), United Nations Industrial Development Organization (UNIDO), International Monetary Fund (IMF), Organization for Security and Co-operation in Europe (OSCE), The Shanghai Cooperation Organization (SCO), The Organization of Islamic Cooperation (OIC), The Collective Security Treaty Organization (CSTO), Commonwealth of Independent States (CIS).