Theme:

The economy of Kazakhstan

Made by Ibragimova Kamila 225 group

 Plan:

1.The economy of KZ
2. Economic Growth & GDP
3.Oil and gas is the leading economic sector
4.Mining
5.country's investment potential
 The economy of Kazakhstan is the largest
in Central Asia in both absolute and per
capita terms. Kazakhstan has attracted to
2021 more than US$370 billion of foreign
investments since becoming an
independent republic after the collapse of
Currency
the former Soviet Union.
Tenge (KZT, ₸)

Kazakhstan is important to world energy markets because it has

significant oil and natural gas reserves. With sufficient export options,
Kazakhstan could become one of the world's largest oil producers and
exporters in the next decade. But Kazakhstan's strategic aspiration is to
become a modern, diversified economy with a high value added and high-
tech component, well integrated in to the global economy.
 Economic Growth & GDP

Kazakhstan's GDP grew 6% in real terms during the

period from January to November 2013.
 Oil and gas is the leading economic sector.

In 2000, Kazakhstan produced 35,252,000 metric tons of oil (700,000 barrels per day), a 17.4%
increase over 1999's 30,025,000 tons. It exported 28,883,000 tons of oil in 2000, up 38.8% from
20,813,000 tons in 1999.
Production in 2001 has been growing at roughly 20%, on target to meet the
government's forecast of 40,100,000 tons of oil (800,000 barrels per day). In 2000, production
reached 11.5 km³ of natural gas, up from 8.2 km³ in 1999.
Kazakhstan has the potential to be a world-class oil exporter in the medium term. The
landmark foreign investment in Kazakhstan is the TengizChevroil joint venture, owned 50%
by ChevronTexaco, 25% by ExxonMobil, 20% by KazMunaiGas of Kazakhstan, and 5% by
LukArco of Russia. The Karachaganak natural gas and gas condensate field is being
developed by BG, Agip, ChevronTexaco, and Lukoil. The Agip-led Offshore Kazakhstan
Consortium has discovered potentially huge Kashagan oil field in the northern Caspian.
Kazakhstan's economic future is linked to oil and gas development. GDP growth will depend
on the price of oil, as well as the ability to develop new deposits.
 Mining

Kazakhstan is a leading producer of many mineral

commodities,including uranium, ferrochrome, titanium sponge,
cadmium, magnesium, rhenium, copper, bauxite, gallium and zinc.
It is the leading country in the world for uranium production
volumes, with 35% of global
production, and it has the world's
second biggest uranium reserves
after Australia.
 Conclusion
Now country's investment potential is based on minerals
and raw materials. Because their exploitation creates more
than a half of the gross product, the quality and extent of
deposits utilization and the reproduction of raw material
reserves play decisive role in the present and future of
Kazakhstan. For example, it is supposed that exploitation
of the oil and gas field Kashagan which is one of largest
fields in the world will make Kazakhstan one of the major
producers of hydrocarbons not only on the regional, but
also on the international level.
According to certain estimates, in the next 10 years the oil
and gas sector of the country, particularly the Kazakh
sector of the Caspian Sea, could attract between to 150-200
bln. US$. At the same time, the Kazakhstan Government's
top priority is to encourage foreign direct investments into
industry, agriculture, innovation, processing sectors in
order to decrease the dependence of the Economy of
Kazakhstan on energy and extracting sectors and to ensure
continued growth of Kazakhstan's economy.