Kazakhstan Approves General Gasification Scheme
ASTANA – “The Kazakh government has approved a general scheme for the gasification of the country. This policy document defines economically sound strategic directions to ensure reliable gas supply to consumers,” Minister of Oil and Gas Uzakbai Karabalinsaid on June 24. The new plan is intended to increase gas production, consumption and transportation, including through…
Kazakhstan Seeks a Greener Nation through Circular Economy
ASTANA – Because the share of environmentally-conscious citizens will grow from year to year, the first step to becoming a greener nation is understanding the need to separate food and household wastes, said Minister of Environment and Water Resources Nurlan Kapparov at a June 4 press conference. In Kazakhstan, there is no system so far…
Gov’t, Consortium Set to Improve Management of Kashagan Oil Field
ASTANA – By this September, a new operator will be created for the development of Kazakhstan’s Kashagan oil field, said Kazakh Minister of Oil and Gas Uzakbai Karabalin at a May 27 press conference. Hydrocarbon production volumes are still predicted to grow, the minister added. The shareholders of the international consortium currently developing the Kashagan…
Women Creating “Quiet Revolution” in Business
ASTANA – Speaking at a briefing in Astana, Chairwoman of the Damu Entrepreneurship Development Fund Lyazzat Ibragimova said Kazakhstan’s women are very active in business. “In Kazakhstan, every second entrepreneur is a woman,” she said. “Experts call this mass involvement of women in business in recent decades a ‘quiet revolution.’ Kazakhstan’s citizens have options: to…
Kazakhstan Seeks to Boost Gold Exploration
ASTANA – Vice Minister of Industry and New Technologies Nurlan Sauranbayev said at a recent press briefing in Astana that Kazakhstan must develop its gold exploration efforts to extract the country’s abundant gold resources. Kazakhstan has two thousand tonnes of extractable gold reserves and annual production between 20-30 tonnes. But experts believe the country has…
Gov’t Acts to Meet Domestic Refined Fuel Demand
ASTANA – After commissioning its fourth refinery, Kazakhstan will stop importing high-octane fuel and will be able to export oil to its southern neighbours, Uzbekistan, Tajikistan, Kyrgyzstan and Afghanistan. However, the country will have to compete in these markets with Russia, said Sayat Mynbayev, head of KazMunayGas, at a March 4 Central Communications Service briefing.…
EXPO City Construction to Begin in Spring
ASTANA – Construction of the architectural complex for EXPO 2017 in Astana will begin this May, Deputy Chairman of the Astana EXPO 2017 Company Bekzhan Kulbayev announced on March 4 at a Central Communications Service briefing. A week earlier, President Nursultan Nazarbayev approved the concept of the architectural complex for EXPO 2017. The general layout…
Government Develops National Export Strategy
ASTANA – The head of state has repeatedly said that Kazakhstan should not remain a raw materials source for the world’s economically developed countries, but rather build its own highly industrialized and developed society. In recent years, with the implementation of the State Programme of Accelerated Industrial and Innovative Development (SPAIID,) new factories have appeared…
National Chamber of Entrepreneurs Seeks Protection Within Integration
ASTANA – The idea of an economic union of Kazakhstan, Russia and Belarus was first proposed by President of Kazakhstan Nursultan Nazarbayev, who thought the initiative would bring great benefits to the economies of independent states that once made up the Soviet Union. His initiative was supported by the leaders of Russia and Belarus. The…
2013 Brought Advancements to Kazakh Oil and Gas Industry
Development of the Caspian Shelf and new geological exploration will dominate headlines surrounding the domestic oil and gas industry in the coming years. Achievements and forecasts It is well known that the oil industry provides the lion’s share of the national budget. Nevertheless, the country’s leadership intends to change this and to move the country…
Oil and Gas Production Set to Increase
It is estimated that Kazakhstan had produced 82 million tons of “black gold” in 2013. Experts believe oil production in Kazakhstan is set to increase year on year. Last year, all oil companies in the country, both domestic and foreign, produced 82 million tons of crude oil; in the future, this figure will reach 83…
Government to Help Develop Single-Industry Towns
ASTANA – Almost 30 so-called single-industry, or company, towns in Kazakhstan will receive significant government support and will be the beneficiaries of new government measures designed to lead them out of economic depression. Company towns, also known as mono-towns, are towns in Kazakhstan that were supported by single industries during the Soviet era, but that…
Kazakhstan Invites International Experts to Analyse Financial Sector
ASTANA – Kazakhstan has successfully completed the first five-year plan under the Strategy of Accelerated Industrial and Innovative Development aimed at boosting its economy. Now President Nursultan Nazarbayev has assigned a new task – to develop a strategy for a second five-year period of the programme which will begin in 2015. However, the next stage…
Petrol Prices Will Rise by Late Fall, Experts Say
ASTANA – According to experts, Kazakhstan will have to match Russia’s fuel prices in the next six months. Its northern neighbour has now increased fuel prices by 30 percent due to an increase in commodity prices against the background of developments in Libya and Egypt. This is sure to affect the limit or possible ban…