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(Trend) -- The oil and gas production
volumes in Kazakhstan in 2011 are forecasted at 81 million tons in accordance
with the oil and gas ministry’s report, Economic Development and Trade Minister
Kairat Kelimbetov said on Tuesday.
"The oil production volume in 2011 is expected to reach 81 million tons,
with an increase of 1.9 percent compared to 2010," Kelimbetov said at a cabinet
meeting dedicated to the socio-economic development of the country in 2011.
Given that the average world price of Brent actually reached USD 111.6
per barrel in January-August, then the forecast on world oil prices increased
from USD 65 to USD 90 per barrel in 2011. "This level takes into account the
risks of possible fall in prices by late 2011," he added.
mrcplast.com
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