Approximately 33.2 million tonnes of crude oil worth $12.8 billion was exported from Kazakhstan in the last six months, which is 51 percent of annual oil production in the state, according to the annual forecast of Ministry of Energy. Oil production increased 10 percent, reaching 42.6 million tonnes.
In the last six months, the prices for crude oil increased 27.2 percent in comparison with the same period last year. At that, physical volume of exports increased 3 percent. In total, the value of exports of crude oil and gas condensate increased 46 percent.
About 73 percent of all exported oil is delivered to five European countries: Italy paid $4.3 billion (growth of 45 percent), the Netherlands – $1.9 billion (growth of 58 percent ), France – $1.5 billion (growth of 83 percent), Switzerland – $1.2 billion (growth of 31 percent ) and Spain – $0.6 billion (growth of 10 percent).
