Kazakhstan, a land of minerals, crude oil and natural gas condensate, space launch facility, and livestock products
The country is on an exciting curve of economic growth with
its market of + 18 million consumers.
Energy is
the leading economic sector with huge production of crude oil
and natural gas condensate. Kazakhstan
holds about 4 billion tonnes (3.9 billion long tons) of proven
recoverable oil reserves and 2,000 cubic kilometres (480 cubic miles) of gas.
Major oil
and gas fields and recoverable oil reserves are Tengiz
with 7 billion barrels (1.1 billion cubic metres); Karachaganak with 8
billion barrels (1.3 billion cubic metres) and 1,350 cubic kilometres (320
cubic miles) of natural gas; and Kashagan with 7 to 9 billion barrels
(1.4 billion cubic metres).
Other major
exports of Kazakhstan include wheat, textiles, and livestock. Kazakhstan is a
leading exporter of uranium.
Grain,
potatoes, vegetables, melons and livestock are the
most important agricultural commodities. Its
arable land has the second highest availability per inhabitant (1.5
hectares).
Chief
livestock products are dairy products, leather,
meat, and wool. The country's major crops include wheat, barley, cotton, and
rice. Wheat exports, a major source
of hard currency, rank among the leading commodities in Kazakhstan's export
trade. Some Kazakh wine is produced
in the mountains to the east of Almaty.
Kazakhstan has an abundant supply of accessible mineral and fossil fuel resources. Development of petroleum, natural gas,
and mineral extractions, has attracted most of the over $40 billion in foreign
investment in Kazakhstan since 1993.
According to
some estimates, Kazakhstan has the second largest uranium,
chromium, lead, and zinc reserves, the third largest manganese reserves, the
fifth largest copper reserves, and ranks in the top ten for coal, iron, and
gold. It is also an exporter of
diamonds.
Kazakhstan also possesses large deposits of phosphorite.
Among main
tourist attractions, there are five World Heritage
Sites in Kazakhstan and thirteen are on the tentative list. International
arrivals rose from 1.47 million in 2000 to 4.81 million in 2012.
The government has set the goals that a transition to the Green Economy in Kazakhstan
occurs by 2050.
The
government of Kazakhstan has set prices for energy
produced from renewable sources.
The "Nurly Zhol"
policy is accepted as preventive measures needed to help steer the economy
towards sustainable growth in the context of the modern global economic and
geopolitical challenges, such as the 25%-reduction in the oil price, reciprocal
sanctions between the West and Russia over Ukraine, etc.
In 2009, the government introduced
large-scale support measures such as the recapitalisation of banks and support
for the real estate and agricultural sectors, as well as for small and medium
enterprises (SMEs).
The banking system of Kazakhstan
is developing rapidly and the system's capitalisation exceeds $1 billion.
Aktau is Kazakhstan's only seaport on the Caspian Sea.
Baikonur
Cosmodrome is the world's oldest and largest operational space launch facility.

Comments
Post a Comment