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Foreign direct investment in Kazakh oil sector down in 2015

Oil&Gas Materials 2 March 2016 18:23
Foreign direct investment (FDI) in oil and gas production in Kazakhstan in January-September 2015 fell by 72.7 percent standing at $1.9 billion versus the same period of 2014.
Foreign direct investment in Kazakh oil sector down in 2015

Baku, Azerbaijan, March 2

By Elena Kosolapova - Trend:

Foreign direct investment (FDI) in oil and gas production in Kazakhstan in January-September 2015 fell by 72.7 percent standing at $1.9 billion versus the same period of 2014, said the Kazakh National Bank on its website March 2.

The FDI in geological exploration and research fell by 14.3 percent to $3.8 billion, in wholesale and retail trade, and motor vehicle repair - by 50.4 percent to $1.1 billion, in metallurgical industry, production of finished metal products, except for machinery and equipment - by 28.7 percent to $1.5 billion in the reporting period.

In general, the FDI in Kazakhstan totaled $11 billion in January-September 2015, versus $19.1 billion in the same period 2014.

In the reporting period, Kazakh economy's main investors were the Netherlands (33.6 percent), the US (16.6 percent), Switzerland (12.8 percent), France (6.1 percent), the UK (5.6 percent), Belgium (5.5 percent), Russia (4.7 percent), Italy (3.6 percent), Germany (3.1 percent), South Korea (3 percent) and Japan (2.4 percent).

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