ASTANA, Sept 15 Kazakhstan's economy ministry
has based its medium-term economic outlook on a Brent crude
price of $35 per barrel, it said on Thursday, implying
reduced earnings from oil and gas exports and putting pressure
on the tenge exchange rate.
The tenge would average 360 per dollar in 2017-2019 under
such a scenario, the ministry said in a presentation, compared
with a prevailing rate of 338.86 per dollar. Based on the crude
price assumption, oil output would increase to 79.5 million
tonnes next year from 75.5 million tonnes expected this year.
(Reporting by Raushan Nurshayeva; Writing by Olzhas Auyezov;
Editing by Simon Cameron-Moore)