Kazakhstan Aims To Boost Homegrown Products In Significant Oil And Gas Sector Initiatives
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, February 2. The company's
strategic goal is to localize goods and services to boost
Kazakhstan's oil and gas industry, strengthen industrial potential,
and increase competitiveness through domestic involvement in major
projects like Tengiz, Kashagan, and Karachaganak, said Askhat
Hasenov, head of KazMunayGas, at an expanded meeting, Trend reports
JSC NC "KazMunayGas" (KMG) hosted an expanded meeting to support
the development of domestic value and stimulate the localization of
goods event was attended by deputies of the Mazhilis of
Kazakhstan's Parliament, representatives of the Ministry of Energy,
the International Center for the Development of Oil and Gas
Engineering (IMB Center), and domestic goods producers from all
regions of the country.
KMG head Askhat Hasenov emphasized that the localization of
production in the oil and gas sector is a key driver of economic
growth, industrial development, and strengthening the position of
Kazakhstani businesses.
"Participation of domestic companies in major KMG projects not
only creates new jobs but also enhances the competitiveness of
Kazakhstani products in the market. Localization of goods and
services within the country is not just a priority but a strategic
goal for KazMunayGas, aimed at developing the oil and gas industry
and strengthening Kazakhstan's industrial potential," said
Hasenov.
During the meeting, KazMunayGas presented a list of in-demand
goods for localization. Currently, these goods are not produced in
the country but are purchased annually by KMG subsidiaries for
approximately 54 billion tenge ($102.6 million). It was also talked
about how work is going on big projects like Tengiz, Kashagan,
Karachaganak, and Kalamkas-sea to make the country's goods more
valuable, as well as gas chemical projects like "Construction of a
Gas Separation Complex" and "Polyethylene Production Complex."
Additionally, Kazakhstani producers voiced proposals to increase
the share of domestic value in products. Participants of the
meeting discussed further plans for localizing goods production in
Kazakhstan. Additionally, information about the activities of the
IMB Center in this area was presented.
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