Kazakhstan
Kazakhstans oil production and potential is expanding rapidly. Kazakhstan has made some progress in creating a favorable investment climate although serious problems remain.
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Meanwhile the super-giant Kashagan field finally launched production in October 2016 after years of delay and an estimated 55 billion in development costs.
. It also has vast mineral resources and is officially a democratic secular unitary constitutional republic with a diverse cultural heritage. Kazakhstan is the most dominant nation of Central Asia economically and politically generating 60 of the regions GDP primarily through its oil and gas industry. It was a constituent republic of the Soviet Union and became independent in 1991.
18 hours agoKazakhstan is a close strategic ally of Russia which is very sensitive to any unrest in the former Soviet Republics which Moscow considers its backyard. Kazakhstan largest country in Central Asia. Kazakhstan is the worlds ninth biggest country by size and it is more than twice the size of the other Central Asian states combined.
Kazakhstan is a country that stretches from Central Asia to Eastern Europe and occupies an area of 2724900 sq. Kazakhstan is the 81st largest trading partner of the United States with a total of 2 billion in two-way trade in 2019. A 368 billion expansion of Kazakhstans premiere Tengiz oil field by Chevron-led Tengizchevroil should be complete in 2022.
It is bounded on the north by Russia on the east by China on the south by Kyrgyzstan Uzbekistan the Aral Sea and Turkmenistan and on the southwest by the Caspian Sea. It will be many travellers first port of call on their Central Asian adventure and there is much for the intrepid traveller to enjoy. As seen on the physical map of Kazakhstan above the country extends from the Caspian Sea in the west to the Altay Mountains in the east.
Firms have invested tens of billions of dollars in Kazakhstan concentrated in the oil and gas sector.
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