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Kazakhstan eyes more foreign capital in its energy sector

Kazakhstan Materials 23 March 2023 14:04 (UTC +04:00)
Kazakhstan eyes more foreign capital in its energy sector
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, March 23. Kazakhstan plans to attract more foreign investors to develop its energy sector, Trend reports via the press service of Alikhan Smailov, Prime Minister of Kazakhstan.

The issue was discussed at the meeting between PM Smailov and representatives of the Ministry of Energy, and the administrative board of the Samruk-Kazyna Fund and the KazMunayGas National Company.

Thus, it has been decided to promote foreign investments in the launch of new energy generating capacities (heat, electricity), the development of renewable energy sources and the modernization of engineering infrastructure.

The meeting participants also considered measures to provide the domestic market with fuels and lubricants. During the first quarter of the current year, the production of gasoline, diesel fuel and liquefied gas exceeded the indicators of the approved plan of the Ministry of Energy. In particular, the reserves of diesel fuel from January through March 2023 increased from 241,000 to 326,000 tons, the sides noted.

Moreover, the parties touched upon topical issues of the development of the gas industry, taking into account the balance of fuel production and consumption in the medium and long term.

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