Triple Challenge for Entry into the Top 30

Kazakhstan has no other options but to enter into the 30 most developed countries.  This was stated by the President of Kazakhstan at the meeting of the Eurasian Emerging Markets Forum, which Astana hosted in September this year. The triple challenge that faces the country to achieve this goal comes down to the development of human capital, the rational use of hydrocarbon resources, and the diversification of the economy and its integration into the global economy.

Fifty is not the Limit?!

In 2013, Kazakhstan has finally found itself ranking 50^th in the WEF Global Competitiveness Report. However, there is no time ahead to rest on our laurels, because the President has set a new goal for our country to get into the top 30 of the most advanced economies in the world. With this, the country can hardly count on getting quick results, because we will have to meet the highest standards in the field of human capital development, but it seems that this will require a fundamental revision by the government of its social policy.

Peak of Oil and Gas Production is yet to Come

Interview of Uzakbai Karabalin, the Minister of Oil and Gas of the Republic of Kazakhstan

Kazakhstan’s Oil & Gas Industry. Reserves, Production, Investment

The progress Kazakhstan has made in the development of its oil and gas fields laid the foundation for the dynamic growth of Kazakhstan’s economy. However, the President has set a new goal in creating a more effective management system to maintain sustainable production and export of hydrocarbon resources up to 2050. In our traditional annual review, we have presented the main figures and trends of development of the domestic oil industry over the last 13 years.

Kyzylorda Region: Investment as the Driver for the Development

The Kyzylorda region has a considerable potential, given the fact that the region is rich in mineral resources. This region is among the top 5 regions of the country with the most reserves of oil and gas, accounting for about 15 % of total oil production in Kazakhstan. However, the depletion of mineral resources and water intrusion in oil wells has resulted in decreasing the volume of crude oil production in this area. This means that further sustainable development of the region will largely depend on attracting investment in implementation of new industrial and innovative projects.