Kazakhstan says may cut 2016 oil output if prices fall to $30/barrel
ASTANA, Sept 9 (Reuters) - Kazakhstan may cut oil output to 73 million tonnes next year if oil prices drop to $30 per barrel, Deputy Energy Minister Uzakbai Karabalin told reporters on Wednesday.
Kazakhstan, the second-largest post-Soviet oil producer after Russia, lowered oil output by 1.2 percent last year to 80.8 million tonnes. It (Other OTC: ITGL - news) is officially forecast to produce 80.5 million tonnes this year.
(Reporting by Raushan Nurshayeva; writing by Katya Golubkova; Editing by Miral Fahmy)