The country’s state budget is forecasted to lose almost one trillion Tenge (US$2.314 billion) of oil income.
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The volume of oil production in Kazakhstan will total 104 million tonnes a year by 2025
By 2025, oil extraction will reach 104 million tonnes per year.
The fixed capital investment in Kazakhstan was increased by 25.3 per cent in the first five months of this year.
Last year, the volume of extracted oil exceeded 86 million tonnes.
By this time, most of the oil will be extracted at Kazakhstan’s major oil fields such as Tengiz, Karachaganak and Kashagan.
Kazakh economy sees growth. The country’s GDP grew 4.1% between January and March.