GAO SEES NO BIG U.S. OIL SOURCE IN KAZAKHSTAN

The U.S. General Accounting Office reports Kazakhstan production is not likely to become a major source of oil for the U.S. but could add to downward pressure on world oil prices in a tight market. Figures quoted by GAO, the congressional watchdog agency, show Kazakhstan produced a little more than 500,000 b/d in 1992 and has a goal of 1.65 million b/d in 2005. That would give it at about 2% of world oil productive capacity in the first decade of the next century.

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