Middle East Economic Survey

VOL. L

No 45

5-November-2007

CASPIAN

Kazakhstan Adjusts Crude Oil Production Forecast To 130Mn Tons In 2015

Kazakhstan expects to produce 130mn tons (2.6mn b/d) of crude oil in 2015, President Nursultan Nazarbayev said last month. Prior to the problems now being encountered at the offshore Kashagan oilfield, Kazakhstan had forecast production in 2015 at 150-160mn tons. First oil from the Kashagan project is not expected on-stream until 2010, when the countrys crude oil...