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. Last Updated: 07/27/2016

Caspian Oil Share to Grow

The Caspian region will supply about 5 percent of the world’s oil and up to 4 percent of gas production by 2018, contributing more than Iraq or Brazil, Sanford C. Bernstein analysts said.

Return on investments for oil companies will be higher in Kazakhstan than in Russia because of Russia’s tax regime, the report by London-based analysts Oswald Clint and Neil McMahon said Thursday.

(Bloomberg)