Kazakhstan reduces oil production forecast for 2012
Kazakhstan, Astana, Feb.27/ Trend, T.Nurmagambetov /
Kazakhstan adjusted its forecast for oil production volume for 2012 to 80 million tons compared to the planned 83 million tons, the country's Economic Development and Trade Minister Bakytzhan Sagintayev said at an enlarged meeting of the faction of the People's Democratic Party Nur Otan (ruling party) on Monday.
"A decline in real GDP growth is in particular due to decreasing of oil production to 80 million tons compared to planned 83 million tons," Sagintayev said.
He also said industrial production forecast in Kazakhstan in 2012 was adjusted downward.
"The volume of industrial production in 2012, according to updated estimate, will grow by 3.9 percent, which is 2.5 points less the forecasted value," Sagintayev said.