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Cost of Kazakhstan oil per barrel

Cost of Kazakhstan oil per barrel

Almaty.17 April. 7kun.kz - Fitch Ratings forecasts that the barrel of Brent oil will cost an average of $ 52.5 in 2017

The agency also considered what oil prices will allow oil-producing countries to balance state budgets. According to analysts of the agency, cost for Kazakhstan is $ 72 per barrel. In Russia, this mark is $ 74 per barrel, in Azerbaijan and Iraq - $ 66 per barrel.

 The least needed to adjust the budget will be Kuwait - $ 45 per barrel - and Bahrain - $ 51 per barrel. The worst situation for Nigeria is $ 139 per barrel. Saudi Arabia will need a price of $ 75 per barrel. Also, convenient rates were calculated for Angola ($ 84), Oman ($ 82), Gabon ($ 71), Abu Dhabi and the United Arab Emirates ($ 61), Congo ($ 60), Qatar ($ 52).

 "Fiscal reforms and exchange rate adjustments generally support budget improvement compared to 2015, but do not completely solve the problem," the agency noted. Meanwhile, at 10:27 Astana time, the price of Brent was $ 55.45 per barrel.

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