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.

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