Sunday 3 August 2014

Optimism over Kazakhstan energy outlook | The National

Optimism over Kazakhstan energy outlook | The National:



"Abu Dhabi investors should look to Kazakhstan for expansion opportunities while it is still cheap to enter its energy sector, according to the chief executive of an oil producer active in the country.



Market fundamentals look positive, with Kazakhstan growing at 6 per cent annually, and the country aiming to produce 2 million barrels per day by 2020.



The Kazakh government is planning new tendering rounds over the next year, when it will award new exploration blocks."



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