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Kazakhstan government increased forecast of oil recovery by 1.6 %

Almaty. May 24. Kazakhstan Today - The government of Kazakhstan increased the forecast of oil recovery in the Republic in 2007 by 1.6 % - about 64 million up to 65 million tons. The Prime Minister of Kazakhstan Karim Masimov signed the decree on May 21, the agency reports referring to official mass media. According to the forecast of the main macroeconomic parameters in the Republic, oil recovery in 2008 will reach 80 million tons, in 2009 - 78 million tons. According the forecast of the government oil income in 2007 will make 18.3 % to GDP, in 2008 - 16.4 %, in 2009 - 16 %. In 2005, 61.65 million tons of oil and gaseous condensate were extracted in Kazakhstan; in 2006 extraction totaled 64.8 million tons. The approved extractive stocks of hydrocarbonic raw materials in Kazakhstan make 4.8 billion tons (35 billion barrels) of oil, 3.4 trillion cubic meters of gas.

Resourse: Kazakhstan Today

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