Kazakhstan ups oil output forecast for 2017 to 81mn tonnes

Dhwani Mehta FXStreet

Kazakhstan’s economy ministry revised higher its yearly oil supply forecasts based on 2016 outcomes late-Thursday, as cited by Oilprice.com.

The ministry upped its oil output forecast for 2017 to 81 million tonnes versus earlier statistics predicting 79.5 million tons of production for the current year.

Kazakhstan is the largest oil producer in Central Asia and ranks 18th in the world.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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