Oil and Gas, Kazakhstan Metals and Mining
Currently Rio Tinto intends to invest more than $ 100 million into geological exploration in 14 countries around the world, where the company works, including Kazakhstan.
JSC “Zhayremsky GOK” increased the quality evaluation of more than 60 mln tons of ore having referred them to the reserves with zinc content of over 4%, is said in Glenore’s repor
In the framework of the official visit of the Kazakhstani President to Japan on November 8th there was a meeting of the Minister for Investment and Development of Kazakhstan Zhenis Kasymbek and cha
There is a decrease in the total oil production in Kazakhstan.
Kazakhstan’s President Nursultan Nazarbayev has urged the Government to focus its efforts on a number of export-oriented industries in the coming years.
He noted that the Kazakhstan's economy was experiencing a strong external pressure because of the fall in the Kazakhstani goods prices.
"The economic activity in the country is maintained, to be honest, due to massive state injections, investments. Therefore, today it is important to form new sources of our economy growth. In this connection, in the coming years, we should focus the Government efforts on a few export-oriented priority sector," - said Nazarbayev at the meeting by results of the industrialization in the first six months of 2016.
In the coming years, Kazakhstan expects private investment in the amount of 900 billion tenges in exploration, the website of the Prime Minister of Kazakhstan reports with reference to the Minister for Investment and Development of Kazakhstan Asset Issekeshev.
"The development of geological sector is a fundamental factor in the economic development of the country. (...) Today, on the exploration program, which is implemented in Kazakhstan from 2015 to 2019, 120 billion tenges are allocated from the budget. We expect that at the expense of private investment 900 billion tenges more will be invested,"- he said.
Pipe metallurgical company (TMK Pipes), one of the largest producers of pipe products for the oil and gas industry, has created a division in the Russian unit TMK-Central Asia, the press centre of the company reports.
The new unit includes two companies: TMK-Kazakhstan (Astana, formerly a part of the production and commercial unit of the company) and TMK-Kaztrubprom (Uralsk, derived from the unit TMK Oilfield Services).
In 2015, Kazakhstan increased the gas production by 5.2% as compared to 2014 to 45.713 billion cubic meters, the Statistics Committee reports.
An important aspect of import substitution is the industrial cooperation between the enterprises of machine-building complex of the Russian Federation and the Republic of Kazakhstan.
Industrial cooperation between the machine-building enterprises of Kazakhstan and Russia in the framework of the EAEC is an important aspect in the program of import substitution, the chairman of the board of directors of the company "Gazprom" Viktor Zubkov informs.
In January-July, the volume of industrial production in Kazakhstan increased by 0.2% as compared with the corresponding period of 2014, the KazTAG reports, referring to Statistics Committee of the Kazakh Ministry of National Economy.