| 25.11.2008 - Kazakhstan cuts oil price forecast as crisis bites |
| From Guardian: Kazakhstan slashed its 2009 oil price forecast by a third to $40 on Monday, bracing itself for more economic pain as the global financial crisis continued to take its toll on Central Asia's biggest oil producer. Kazakhstan has announced a $21 billion rescue package -- equivalent to roughly 20 percent of the economy -- to help its fledging banking sector survive the crisis but falling crude prices have threatened to erode some of these efforts..... Full Article: Source |