Oil & Gas

25 Nov 2020

Kazakhstan will Produce 86 Million Tons of Oil in 2021

25 Nov 2020  by World-Energy   

According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov (Ruslan Dalenov) said on Thursday that the country’s oil production next year is expected to be 86 million tons.

In a speech in the Kazakhstan Senate on the country’s socio-economic development forecast for 2021-2025, the minister said that by 2025, this output is expected to reach 100.7 million.

Dalenov added: "We expect positive growth in major areas of the economy. Manufacturing will grow rapidly at a rate of 6.7%, of which agriculture will grow at an annual rate of 6.2%, and trade will grow at a rate of 5.5%. Rate growth."

According to Dalenov's data, exports in 2021 are expected to be approximately 41.4 billion U.S. dollars, and this figure is expected to reach 51.5 billion U.S. dollars by 2025.

He said: "At the same time, the import sector will increase from 36.3 billion U.S. dollars to 37.8 billion U.S. dollars in the next five years." He added that Kazakhstan's GDP during the same period will increase by 4% and is expected to reach 4.6 by 2025. %.

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