Kazakhstan’s Budget 2018 may assume higher crude oil price

The government of Kazakhstan will revise macroeconomic parameters upwards, in particular, a budget reference oil price for this year, Deputy Minister of National Economy Ruslan Dalenov. 

"First of all, it’s a crude oil price. Earlier the budget was based on $45 a barrel for this year. The oil price currently is slightly more than $ 60 per barrel, while the consensus forecast of the UN, WB and IMF averages $58. We are now considering what budget benchmark price to pick for this year,” Dalenov said at a briefing in Astana. 

The parameters for exports and manufacturing industry will also be revised up. He noted, the economic situation in the country has improved, as a whole. "GDP grew by 4% in 2017, which is higher than the average rate in the world and neighboring countries. I can say that today there is no crisis in the country,“ he said.

What is ALASH

ALASH is an online Suppliers database for oil and gas Operators in Kazakhstan

Read More

Business to Business


ALASH is a business-to-business portal that automatically manages the interaction between Supplier and Operator

Read More