What is Kazakhstan main source of income?
Oil and gas is the leading economic sector.
Does Kazakhstan have oil and gas?
Kazakhstan has the largest proven oil reserves in the Caspian Sea region. Kazakhstan’s crude and condensate output in 2019 was 1.965 million bpd. It increased by 4.8% in 2018 and reached 1.814 million bpd. In 2017, Kazakhstan produced 1.73 million bpd of crude oil.
Is Kazakhstan an oil rich country?
Kazakhstan has estimated 30 billion barrels of oil reserves. With 172 oilfields, Kazakhstan possesses 3% of global oil reserves, putting it among the world’s top 15 countries in terms of oil reserves. The offshore fields of Kashagan and Kurmanagazy in the Caspian Sea are estimated to hold minimum 14 million barrels.
What are the main industries in Kazakhstan?
Oil, gas, coal and metal ore are the main industries in Kazakhstan’s extractive sector. The country has the largest recoverable crude oil reserves in Central Asia and its current oil production is approximately 1.8 million barrels a day.
Is Kazakhstan richer than Azerbaijan?
Azerbaijan has a GDP per capita of $17,500 as of 2017, while in Kazakhstan, the GDP per capita is $26,300 as of 2017.
Who does Kazakhstan export oil to?
In 2017, Kazakhstan exported more than 350 billion cubic feet (Bcf) of natural gas, mainly to Russia and China.
Is Kazakhstan very poor?
Kazakhstan has a population of 16.4 million. According to the Asian Development Bank, only 2.7 percent of the population in Kazakhstan lives below the poverty line. Kazakhstan has the lowest percentage of people living below the national poverty line in central and west Asia.
What are the main exports of Kazakhstan?
Kazakhstan has an export-oriented economy, highly dependent on shipments of oil and related products (73% of total exports). In addition to oil, its main export commodities include ferrous metals, copper, aluminum, zinc and uranium.