Brent oil prices will make up $85-90/barrel by 2018 - experts

Date: 07:54, 30-04-2014.

Almaty. April 30. KazTAG - Brent oil prices will make up $85-90 by 2018, said Ivan Chakarov, chief economist of Citi in Russia and CIS.

"People conducting strategic analysis in Citi predict that by 2018 Brent oil price will be within $85-90/barrel," he said.

In his words the majority of investment banks support this prognosis.

He expressed hope that by this period "production will start at Kashagan". "From macroeconomic point of view it means that there will be export growth in Kazakhstan," he said.

According to the experts, if the prognosis with lower oil prices comes real, it will not cause reduction of tenge exchange rate.

"Taking in account these specific conditions in Kazakhstan, due to increase of export, there will be a better position in respect of exchange rate, because there will be more receipts from export," he said.

Share the news: