ASTANA – Kazakhstan plans to build three new local production facilities to meet the demand of the oil and gas industry in cooperation with leading global manufacturers, including German manufacturer Leser, South African manufacturer Beruseal and U.S. manufacturer John Crane, Deputy Energy Minister Yerlan Akkenzhenov said at a government meeting on August 13 chaired by Prime Minister Olzhas Bektenov.
Photo credit: primeminister.kz
According to the Prime Minister’s Press Office, these projects will create 34 new jobs and attract $3 million in investments. The government plans to build six more manufacturing plants on site by 2027, involving companies such as South Korean company Hi Air Korea, US company Slb, Baker Hughes, Flowserve, Swagelok and Italian company Breda Energia. These projects are expected to create 127 new jobs and attract $17.5 million in investments.
Over the past two years, Kazakhstan has successfully located five manufacturing facilities with international partners, including German company Wika, US company Honeywell, Italian company PetrolValves, Kazakh company Sigma Solutions in partnership with US company N.Vent, German company Eltherm and French company Schneider Electric. These projects created 177 jobs and attracted investments of $13.8 million, significantly improving the country’s capacity to produce high value-added goods.
Meanwhile, Bektenov stressed the need for long-term contracts in the oil and gas sector and called on the Energy Ministry to ensure that major oil and gas companies conclude long-term agreements with Kazakhstani producers by the end of September. He also pointed to recent regulatory changes to tighten control over public procurement, including requiring users of natural resources to adopt programs that give preference to domestic goods.
“Major land users of large oil and gas projects have already signed contracts with domestic commodity producers worth $240 million. We will continue this work,” Bektenov said.
