• Why is the production of sunflower oil growing in Kazakhstan?
  • The production of oils, especially sunflower oil, is steadily growing due to investments from the state and businesses. In 2021, a new state-of-the-art oil extraction plant of QAZAQ-ASTYQ GROUP LLP is set to be built in East Kazakhstan Region.
  • How many jobs will a new oil plant create in Kazakhstan?
  • Almost 80% of factories of the fat and oil industry in Kazakhstan are specialized in vegetable oil production. Upon its launch, the plant will create jobs for more than 200 people, ¨C said Altynbek Nuratuly, deputy director of QAZAQ-ASTYQ GROUP LLP.
  • What is the main purpose of a vegetable oil plant in Kazakhstan?
  • The plant¡¯s main purpose ¨C the production of unrefined vegetable oils and meal, was not chosen by chance. Almost 80% of factories of the fat and oil industry in Kazakhstan are specialized in vegetable oil production.
  • Does Kazakhstan import oil & gas equipment?
  • Kazakhstan does not have much experience in oil and gas equipment manufacturing, especially for offshore work, and the country depends on imports (a fact the GOK would very much like to change). Traditionally, the country has imported oil and gas equipment from Russia and other parts of the former Soviet Union.
  • How much oil does Kazakhstan have?
  • According to the Oil & Gas Journal (OGJ), Kazakhstan had proved crude oil reserves of 30 billion barrels as of January 2018¨Cthe 2nd¨Clargest endowment in Eurasia after Russia, and the 12¨Clargest in the world, just behind the United States. Kazakhstan has the largest proven oil reserves in the Caspian Sea region.
  • How will Kazakhstan increase investment in oil & gas sector?
  • Kazakhstan plans to increase investment in the oil and gas sector through innovation development and investment stimulation measures that will be set forth in the new Subsoil Use Code and in the Tax Code. Oil production at the Kashagan field started in October 2016 and reached 380,000 bpd in 2019.