Oil production in Kazakhstan will amount to 86 million tons in 2021

The Minister of National Economy of the Republic of Kazakhstan Ruslan Dalenov, presenting the draft budget for 2021-2023, said that the country intends to produce 86 million tons of oil next year, Angi reports.

“The volume of oil production at the level of 86 million tons in 2021, 89.6 million tons in 2022 and 100.8 million tons in 2023. The oil price is set at $35 per barrel in 2021-2023, taking into account a conservative approach,” Dalenov said.

According to him, it is planned to produce 100.7 million tons of oil in 2025.

Earlier, Kazakhstan planned to increase oil production to 100 million tons in 2024. The forecast for oil production, taking into account condensate in the republic for 2020, is currently 85.2 million tons.

Earlier it was reported that for 7 months of 2020, oil production in Kazakhstan decreased by 1.4%.

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