Browsing by Author "Bimagambetova Bibigul"

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    Oil and Gas Industry in Kazakhstan
    (Suleyman Demirel University, 2007) Bimagambetova Bibigul
    The oil and gas industry plays a central role in the economy of Kazakhstan, accounting for the majority of national exports, foreign investments, and government revenues. With over 200 oil and gas fields, Kazakhstan ranks among the world’s major energy producers. The country’s key fields—Tengiz, Karachaganak, and Kashagan—contain vast proven reserves and form the foundation of Kazakhstan’s industrial growth and international partnerships. Foreign investments from companies such as Chevron, British Gas, and Lukoil have accelerated technological and infrastructural development in the sector. The government’s long-term strategy, “Kazakhstan 2030,” prioritizes the efficient and sustainable development of hydrocarbon resources to strengthen national economic stability. However, the industry still faces challenges such as high dependency on oil exports, environmental concerns, and bureaucratic inefficiencies. This paper explores the structure, production trends, export routes, and future prospects of the oil and gas industry in Kazakhstan, emphasizing its critical role in shaping the nation’s economic trajectory.