2000-01-24 Kazak Politics & MacroEconomics - Output of Oil Products
Article Index
Output of Oil Products Falls by 28%
In 1999, the production of oil products in Kazakhstan dropped by 28% year-on-year to 5,732,000 tonnes, the National Statistics Agency reported.
The republic’s three refineries turned out 1,297,000 tonnes of gasoline (including aviation fuel), three-fourths of their 1998 level. Kerosene output fell by 69% to 71,300 tonnes, diesel fuel totalled 1,829,000 tonnes (73% of 1998), and mazut production dropped to 2,132,000 tonnes (70% of 1998).
According to Statistics Agency data, the production of oil coke, oil bitumen and other residues from oil processing decreased by 49% last year. (Golden Eagle Partners)
Statistics Agency Reports on Bank Deposits
Deposits in Kazakhstan’s banking system totalled KZT 137.9 billion in the first eleven months of 1999, including KZT 46.2 billion (33.5%) in individual deposits, Interfax reported, citing the Statistics Agency.
Of the total, KZT 23.3 billion (50.4%) of all individual deposits were held by Halyk Savings Bank. KZT 23.2 billion (50.2%) of citizens’ savings were held in the national currency, the tenge.
From January through November, commercial banks provided loans and credits totalling KZT 145.3 billion, 47.5% of which were short-term loans. KZT 40.7 billion (28% of all credits) were concentrated in trade, KZT 35.4 billion (24.4%) went to industry and KZT 13.1 billion (9%), to agriculture. About 79% of all credits, amounting to KZT 114.8 billion, were invested in Almaty. (Golden Eagle Partners)