HE STATE AND PROSPECTS OF KAZAKHSTAN IN THE WORLD OF OIL MARKET

Abstract

Annotation. Petroleum products, which are the basis of all national economies, play a special role in the driving modern world economy. The article discusses issues related to the for development prospects of the world oil market. It includes the structural analysis of petroleum sector from perspectives of OPEC’s share in global production scales, and main countries of production and consumption by oil reserves, which includes the states ranking of oil exports and imports with Kazakhstan positions. The author also analyzed what changes have occurred in the global oil market in recent years.