Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Petrokazakhstan Inc. -- Ignore unavailable to you. Want to Upgrade?

To: forecaster who wrote (1716)	7/18/2001 8:11:55 AM
From: cooliemon	Read Replies (1) \| Respond to of 2357

forecaster: kazakhstan's credibility is moving up....opec themselves are even saying so....i like the part about "virtually untouched"......coolie Kazakhstan May Be World`s Largest Oil Producer by 2015 - OPEC Kazakhstan, July 18, 2001 [ 16:54 ] , BBC Monitoring ASTANA. Kazakhstan may become the largest producer of crude oil in the world by 2015 and reach the level of Saudi Arabia, which is the major oil power. The OPEC General Secretariat declared this in Vienna, citing specialist oil surveys. OPEC thinks that future forecasts of the country's oil reserves will be hundreds times higher than the 700,000 barrels currently being extracted in Kazakhstan. The [western Kazakh] Tengiz oil deposit's reserves alone stand at 9bn barrels, while only 290,000 barrels are being extracted here daily. In the opinion of the oil cartel, unlike the oil reserves of Russia and Azerbaijan, those of Kazakhstan are virtually untouched.