Kazakhstan’s revenue from oil exports increased by 50% last year. It has been reported Reuters With reference to the data of the National Bureau of Statistics of Kazakhstan.
According to the bureau, in 2022 Kazakhstan exported 65 million tons of oil worth $46.8 billion. In 2021, this figure stood at $31 billion. At the same time, tax revenues from oil exports more than doubled from $6.11 billion to $13.87 billion. rose to dollars. billion a year ago. Reuters writes that the increase in revenues is associated with the increase in Kazakhstan export oil prices of the KEBCO brand (Kazakhstan Export Blend Crude Oil) from $473 per tonne in 2021 to $720 in 2022. As stated in the publication, growth continued this year.
Several states that are members of the OPEC+ agreement, started A voluntary reduction in oil production from May 1, which will last until the end of this year. At the same time, the total production volume decrease should be 1.66 million barrels per day.
Saudi Arabia, Kuwait, Kazakhstan, Algeria, Oman, Gabon and the United Arab Emirates have announced that they want to further limit production. Russia extended its decision to cut production by 500 thousand barrels per day from the February average, which was in effect until the end of June, until the end of the year.