New Oil and Gas projects Worth Almost $15 billion to Be Launched in Kazakhstan
Over the next six years, Kazakhstan plans to implement investment projects in the petrochemical industry totaling $14.7 billion. These enterprises will provide jobs for thousands of Kazakhstanis.
According to the Ministry of Energy of the Republic of Kazakhstan, the agency has developed a roadmap for developing the petrochemical industry. It is designed for a period up to 2030.
The new investment projects discussed in the program involve the creation of 16 thousand temporary and 3.5 thousand permanent jobs throughout the country.
According to the Ministry of Energy's plans, the volume of petrochemical production in Kazakhstan will increase more than fivefold by 2030 — from 357.8 thousand tons to 1.8 million tons.
The roadmap provides for implementing investment projects at all stages of petrochemical production — from the supply of raw materials to the release of finished products.
Additional infrastructure will be created on the territory of the SEZ "National Industrial Petrochemical Technopark," and new sales markets will be established throughout the country. Domestic consumption will be regulated, and the research base will be improved.
In early October, reports emerged that Kalamkas-Khazar Operating LLP, partly owned by the Russian Lukoil, began work on developing the Kalamkas-Sea and Khazar oil and gas fields in the Kazakhstan sector of the Caspian Sea.
Original Author: Nikita Drobny
Latest news
- Endangered Leopard Seen Again In Ustyurt
- Are Kazakhstan’s Ruling Party And Newest Party About To Merge?
- Where Will Astana’s Second Airport Be Built?
- Gibbons And Ring-Tailed Lemurs Born At Almaty Zoo
- Another Group Of Rare Wild Horses Arrives In Kazakhstan
- Heirs Of The Horde? Kazakhstan Reconsiders Its Official History
- Kazakhstan Wants AI To Help Assign Conscripts To Military Units
- Kazakhstan’s Labor Market Will Need More Than A Million Workers
- Belarusian Citizen Extradited From Kazakhstan After Alleging Abuse In Detention
- Illegal Database With Millions Of Kazakhstanis’ Data Found In Zhetysu Region
- Astana LRT Could Get A New Name
- Tokayev Sets Rules For Kazakhstan’s New Political System
- Kazakhstan Looks To Hong Kong To Open New Farm Export Routes
- Kazakhstan Simplifies Social Payment Rules
- Record Gold Reserves And Slower Inflation: What The National Bank Reported To Tokayev
- Gazprom To Increase Gas Supplies To Kazakhstan In 2026
- Gasoline Worth 37 Billion Tenge: Kazakhstan Uncovers Fuel Export Scheme To Kyrgyzstan
- Kazakhstan To Change Rules For Using State Symbols
- Cyprus Visit To Kazakhstan Sparks Dispute In Greek And Turkish Media
- Business Subsidies To Be Reviewed Once Every Three Years
