Kazakhstan produced record amount of oil in 2017
In 2017, Kazakhstan produced 86.2 million tons of oil, which is a record indicator for the entire history of the country's independence. This was stated at a briefing in the Government by Minister of National Economy Timur Suleimenov.
"This volume of oil production helped us to achieve 4% growth of GDP," the Minister said.
He also noted that next year the Energy Ministry plans not to reduce the rate of extraction of raw materials.
Also at the briefing, Suleimenov noted that due to the oil industry, in 2017, the export in Kazakhstan has increased significantly.
"With a general increase in trade turnover, by about 25%, our exports grew by about 32-33%, and imports by 15%. This is a very good indicator, this greatly strengthened our trade balance, which increased compared to 2016 by 70%, which had a very good effect on the state of the national currency," the minister added.