Kazakhstan is more interested in rising oil prices than in increasing its production, economist Saparbai Zhobayev believes.
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The country’s state budget is forecasted to lose almost one trillion Tenge (US$2.314 billion) of oil income.
From the moment of its establishment, the company has contributed over 126 billion dollars to the Kazakh economy
Tengiz will increase oil production by 12 million tonnes per year reaching 37 million tonnes.
Oil production reached over 1 million 700 thousand barrels per day in the past four months.