UPDATE 1-Kazakhstan may cut 2016 oil output if prices fall further

miércoles 9 de septiembre de 2015 07:34 GYT
 

* Kazakhstan No. 2 ex-Soviet oil producer after Russia

* Russia may increase output by 1 pct in 2015

* Mexico will not consider output cuts for now (Adds details, background, quotes, combines stories)

By Raushan Nurshayeva and Mariya Gordeyeva

ASTANA/MOSCOW, Sept 9 (Reuters) - Kazakhstan might cut crude oil output by almost 10 percent next year if prices drop to $30 per barrel, its energy official said, while top producers such as Russia are resisting calls to cut production to support prices.

Reduced volumes from Kazakhstan, which exports the bulk of its production to Europe and Asia, may help to balance global markets, where oil prices have hit multi-year lows this year.

Kazakhstan's Deputy Energy Minister Uzakbai Karabalin told reporters on Wednesday that if the oil price next year was $50 per barrel, Kazakhstan would produce between 79 and 80 million tonnes.

That would be little changed from this year's forecast of 80.5 million tonnes, or roughly 1.6 million barrels a day.

But if the price drops to $40, Kazakhstan's output would be 77 million tonnes and if oil fell to $30, it would be cut to 73 million tonnes, Karabalin said.   Continuación...