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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Kazakhstan plans to double oil fund by 2015

Posted on 12 September 2012

Kazakhstan plans almost to double the size of its National Fund to collect windfall oil revenues to $101.8 billion by 2015 from $54.3 billion as of Aug. 31, the Economy Ministry said in a document circulated on Tuesday.
Kazakhstan is the largest former Soviet oil producer after Russia and holds about 3 percent of the world’s recoverable crude reserves………………………………………..Full Article: Source

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