Kazakhstan Cuts Oil Output Forecast to 81 Million Tons, IFX Says

Kazakhstan cut its forecast for oil production this year to 81 million metric tons from a previous estimate of 83 million, Interfax said, citing a budget presentation.

The central Asian nation produced 80.1 million tons of oil and gas condensate last year, an increase of 0.5 percent from 2010, Interfax reported.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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