|Jun 2015||153||Business Monitor International||ASDR-203828|
Our View: Despite prolonged delays at the giant Kashagan field, which are suppressing Kazakhstan’s huge
underground potential, and the gradually worsening regulatory environment, we maintain a largely positive
longer-term outlook for the country’s oil and gas sector. Between 2014 and 2024, we forecast Kazakhstan’s
oil and gas output to increase by 46% and 86% respectively, thus boosting exports and supporting the
country’s oil-dependent economy.
Key developments in Kazakhstan’s oil and gas industry:
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