Kazakh KazMunaiGas head announces oil price reasonable for company

Astana, Kazakhstan, March 7 By Daniyar Mukhtarov - Trend: The reasonable oil price for Kazakhstan's national oil and gas company KazMunaiGas is $90 per barrel and more, chairman of the board of KazMunaiGas JSC, Sayat Mynbayev said. "Less than $90 per barrel is not so good for us. Any price exceeding the current price is reasonable and normal for KazMunaiGas," Mynbayev said. It would be preferable for KazMunaiGas to be simply an observer in OPEC rather than a member of this organization, according to Mynbayev. Translated by L.Z. Edited by C.N. Follow us on Twitter @TRENDNewsAgency