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Kazakhstan increases level of industrial production

Business Materials 13 November 2017 10:39 (UTC +04:00)

Baku, Azerbaijan, Nov. 13

By Ali Mustafayev – Trend:

Kazakhstan increased the production level of crude oil, natural gas, metal ores and coal during the 10 months of 2017, compared to the same period of 2016, the press service of the Ministry of Economy of Kazakhstan said in a message.

The production of food, oil refining products, as well as the products for the pharmaceutical, metallurgical and machine-building industries has also increased.

The most productive industries according to the ministry’s data are mining, quarrying and manufacturing industries, followed by the electricity, gas supply and water supply.

In Kazakhstan, industrial production measures the output of businesses integrated in industrial sector of the economy. Mining and quarrying is the most important sector and accounts for 50 percent of total production.

The biggest segment within mining is crude petroleum and natural gas extraction.

Manufacturing accounts for 40 percent. The biggest segments within manufacturing are: metallurgy (15 percent); food production (7 percent) and mechanical engineering (4 percent).

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