Support The Moscow Times!

Kazakh Oil Exports Drop in First Half

ALMATY, Kazakhstan --Kazakhstan's crude oil exports fell 2.4 percent year on year to 30.7 million tons in the first half of 2008, still recovering from a sharp decline registered in the first quarter, official data showed Monday.

But oil output rose 5.9 percent to 41.2 million tons in January to July, the State Statistics Agency said.

Kazakhstan and its Central Asian neighbors suffered from extremely cold weather last winter and Uzbekistan reduced natural gas supplies to Kazakhstan as it used more gas for its own heating needs.

Kazakhstan switched some of its heating boilers to fuel oil and boosted its output 38.2 percent in the first quarter. Oil exports fell 6.3 percent in the same period.

The introduction of the oil export duty of $110 per ton in May also affected exports, said Dmitry Alexandrov, an analyst with Russian investment company Financial Bridge.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more