Kazakhstan attracts over $70mln worth of investment to exploration for next 6 years
Kazakhstan made 80 billion tenge of investments in geopolitical exploration in nine months of this year, Kazakh Energy Deputy Minister Kaiyrkhan Tutkyshbayev said during a government meeting Tuesday, Kazinform News Agency correspondent reports.
Tutkyshbayev said as of today, the total number of hydrocarbon subsoil use agreements stands at 324, including 15 for exploration, 170 for exploration and production, 131 for production, as well as eight production sharing agreements.
Subsoil users infused nearly 150 and 160 billion tenge in geopolitical exploration in 2023 and 2024, respectively. 80 billion tenge worth of investments were made in geopolitical exploration in nine months of this year, said the deputy minister.
He noted that nearly 220,000 people are engaged in the oil sector, encompassing production, processing, transportation and oilfield services.
Tutkyshbayev added the ministry held two auctions throughout the year, leading to the conclusion of 11 contracts. 16.6 billion tenge was paid to the budget. 71.6 million US dollars of investments have been attracted to exploration for the next six years.
Earlier, it was reported Kazakhstan approves a special regime to develop complex oilfields.
