Baku, Azerbaijan, Sept. 15
By Elena Kosolapova - Trend:
The volume of oil production in Kazakhstan is expected to reach 81.8 million metric tons in 2015, Novosti-Kazakhstan reported on Sept. 15 with reference to a Kazakh high official.
"The Energy Ministry forecasts that oil production will reach 81.8 million metric tons in 2015 and increase to 96 million metric tons in 2019," National Economy Minister Erbolat Dossaev said while presenting the forecast of Kazakhstan's socio-economic development in 2015-2019.
Kazakhstan produced 81.8 million metric ton of oil and gas condensate in 2013.
The baseline scenario of the forecast envisages 4.1 percent annual average growth of the world economy, oil prices at $90 per barrel and increase in prices for metals by 1.4 percent in 2015 and 5.3 percent in 2019 compared to the current year, according to Erbolat Dossaev.
"Real GDP growth in Kazakhstan is expected at 5.0 - 6.8 percent," the minister added.
The nominal GDP will reach 45 trillion tenge (181.95 tenge = $1) in 2015 and increase to 72.8 trillion tenge in 2019, the forecast states. GDP per capita will also increase from $13,900 in 2015 to $21,400 in 2019.
"The industrial production will grow by 1.9 -5.8 percent," Dossaev said.
Export will increase from $79.2 billion in 2015 to $93.5 billion in 2019; import - from $50.1 billion in 2015 to $57.8 billion in 2019, according to the Minister.
Kazakh National Bank expects the inflation within 6-8 percent the corridor with a consequent reduction in the medium term to 5-7 percent, Dossaev said.