Four onshore oil and gas blocs were put up for sale in Kazakhstan, said Kazakhstan Minister of Oil and Gas Uzakbay Karabalin at the Kazakhstan-Canadian business-forum in the Canadian city of Calgary on Wednesday.
“Next year number of the fields put up for sale will be doubled,” Karabalin said.
He reminded that at present about 80 foreign companies have been operating in the oil and gas industry of Kazakhstan, including big and small companies.
“Both local and foreign companies could take part at the tender for development of new oil and gas blocs. The main condition for joining the projects in Kazakhstan is that the investors must bring new technologies with them,” Kazakhstan Minister said.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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