Kazakhstan is positioning itself as a key player in the global energy market, with plans to boost oil production to 100 million tons annually by 2030. At the 29th Kazakhstan International Oil & Gas Exhibition and Conference (KIOGE), the country’s Minister of Energy emphasized Kazakhstan’s continued growth in energy exports and its strategic efforts to expand international trade.
In 2023, Kazakhstan produced 90 million tons of oil and exported 70.5 million tons, contributing significantly to global energy supplies. The nation has been enhancing its trade networks, with new export routes via Azerbaijan and Germany. The introduction of these routes has strengthened Kazakhstan’s trade connections with European markets, positioning the country as a reliable partner in the energy sector. Through an agreement with Azerbaijan, Kazakhstan is increasing oil shipments via the Baku-Tbilisi-Ceyhan pipeline, with plans to further scale up exports.
Kazakhstan’s efforts to bolster its global trade ties are further supported by its investment-friendly policies. The country is actively seeking international investment in energy exploration, with six contracts already signed, totaling $9 billion. These initiatives are aimed at attracting foreign partners to explore offshore and onshore energy fields, ensuring Kazakhstan's long-term energy security and export capacity.
In addition to oil exports, Kazakhstan is advancing its petrochemical industry to diversify its trade portfolio. Major investments in polypropylene and polyethylene production plants are underway, reflecting Kazakhstan’s commitment to deepening its industrial base and expanding its global trade reach.
Kazakhstan’s focus on green energy is also taking shape through a partnership with the UAE, which is investing in renewable energy projects in the country. This collaboration highlights Kazakhstan’s balanced approach to energy development, combining both traditional and renewable energy sources to meet future global demand.
By expanding its energy exports, attracting international investment, and diversifying its trade offerings, Kazakhstan is reinforcing its position as a significant player in global trade and energy markets.
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