Kazakhstan Approves Plan for Oil and Gas Industry Development

Kazakhstan Approves Plan for Oil and Gas Industry Development

On December 6th, the Government of Kazakhstan approved a comprehensive plan for the development of the largest oil, gas and petrochemical projects for 2023-2027. The plan is aimed at implementing 20 significant projects in the oil and gas industry, oil and gas refining, and the petrochemicals industry, with an expected investment volume of $37.3 billion.

In particular, the document provides for the implementation of large oil and gas projects in the Tengiz, Karachaganak and Kashagan fields, aimed at increasing oil production to 105.5 million tons and gas production to 82.1 billion cubic meters by 2027.

The construction of gas processing plants provided for in the plan will have a significant impact on meeting the needs of the domestic market for motor fuel. In addition, in order to supply the domestic market with petroleum products, it is planned that by 2029 the production capacity at the Shymkent Oil Refinery will be increased from 6 million to 12 million tons. As a result, the country will produce 18 million tons of fuel per year.

Stephen M. Bland

Stephen M. Bland

 Stephen M. Bland is a journalist, author, editor, commentator and researcher specialising in Central Asia and the Caucasus. Prior to joining The Times of Central Asia, he has worked for NGOs, think tanks, as the Central Asia expert on a forthcoming documentary series, for the BBC, The Diplomat, EurasiaNet, and numerous other publications.
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Published in 2016, his book on Central Asia was the winner of the Golden Laureate of Eurasian Literature. He is currently putting the finishing touches to a book about the Caucasus.
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www.stephenmbland.com

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