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IMF reveals breakeven oil price forecast for Kazakhstan

Oil&Gas Materials 2 May 2017 22:30 (UTC +04:00)

Baku, Azerbaijan, May 2

By Elena Kosolapova – Trend:

The fiscal breakeven oil price for Kazakhstan will be $60.6 per barrel in 2017 and 2018, as compared to $61.6 per barrel in 2016, said the International Monetary Fund’s (IMF) report titled “Regional Economic Outlook: Middle East and Central Asia.”

In the previous report, the IMF forecast the fiscal breakeven oil price for the country at $82.7 per barrel in 2016 and $71.1 per barrel in 2017.

In the new IMF report, the external breakeven oil price for Kazakhstan is forecast at $82.7 per barrel in 2017 and $81.5 per barrel in 2018, as compared to $86.7 per barrel in 2016.

In the IMF’s October report, the external breakeven oil price for the country was projected at $86.7 per barrel in 2016 and $82.7 per barrel in 2017.

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