Dilek Özdemir
1 year ago - 39 Seconds

Kazakhstan will invest $8 billion in natural gas and oil until 2024

Kazakhstan will invest $8 billion in natural gas and oil until 2024


Kazakhstan will invest $ 8 billion for natural gas and petroleum products by 2024.

In the statement made by the Ministry of Energy of Kazakhstan, there are 7 trillion cubic meters of natural gas reserves in the country of which 3,4 trillion cubic meters is producible

In the statement, it's marked that natural gas production is maintained parallel with petroleum production and said that ''70% of Kazakhstan natural gas production is being carried out with investors from United States of America, China, Russia, and Europe."

In the statement made by the Ministry of Energy of Kazakhstan, there are 7 trillion cubic meters of natural gas reserves in the country of which 3,4 trillion cubic meters is producible

In the statement, the production of natural gas, which was 46.4 billion cubic meters last year, will be increased to 48 billion cubic meters at the end of this year, and until 2024, with foreign companies $ 8 million investment to the sector is planned.

In the explanatory note, it is also reported that the investment plan will include two petrochemical projects with a total capacity of 1.3 million tons of polymer products.