Government reduced planned volume of oil extraction for 2008 from 70 million tons up to 67.6 million tons
Astana. May 21. Kazakhstan Today - The government has reduced planned volume of oil extraction and gas condensate for 2008 from 70 million tons up to 67.6 million tons. The Minister of Economics and Budgetary Planning of Kazakhstan Bakhyt Sultanov informed today during the meeting, the agency reports. "The Ministry of Energy and Mineral Resources specified its forecasts given last year," B. Sultanov said. "We planned 70 million tons for last year. This year, taking into account scheduled repair works, in view of volumes of extraction for 4 months, they have amended the plan down to 67.6 million tons," the minister added. He noted that "oil extractors have big desire, taking into account increase of oil prices, to extract and to export oil more quickly and in larger quantity." "But even taking into account introduction of export customs duties in the international markets, it will be a profitable deal," B. Sultanov noted.
Resourse: Kazakhstan Today