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Monday, 14 April 2003

KAZAKHSTAN OIL, GAS CONDENSATE EXPORTS UP 32% IN JAN., FEB.

Published in News Digest

By empty (4/14/2003 issue of the CACI Analyst)

Kazakhstan\'s exports of oil and gas condensates rose 32% in January and February of this year to 7.73 million metric tons, the State Statistics Agency said Monday. This is equivalent to about 941,000 barrels a day, compared with 716,000 b/d in the same period of 2002.
Kazakhstan\'s exports of oil and gas condensates rose 32% in January and February of this year to 7.73 million metric tons, the State Statistics Agency said Monday. This is equivalent to about 941,000 barrels a day, compared with 716,000 b/d in the same period of 2002. Kazakhstan exported 83% of its output in the two-month period, the agency said. It also said Kazakhstan exported 228,000 tons of oil products in first two months of 2003, more than triple the amount for the same period in 2002. Kazakhstan\'s revenues from crude oil exports during January and February more than doubled on the year to $1.2 billion. Revenues from oil product exports rose more than four fold to $34.9 million, the agency said. Kazakhstan plans to increase oil output by 10% in 2003 to about 52 million tons, slightly more than 1 million b/d. (Dow Jones)
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