Tengiz oil production set to reach 39 million tons
At the Tengiz Field, oil production is on the rise. This year it is expected to reach the figure of 29 million tons. After the Future Growth Project implementation is completed in 2024, production is expected to increase to the level of 39 million tons per annum. Over 45,000 Kazakhstanis are presently working within the large-scale project, the total progress is more than 61%," Kanat Bozumbayev told today's meeting with citizens in Nur-Sultan.
After the overhaul at Kashagan, production hit a record high of 400,000 barrels per day. We were to reach this level at the end of this year," the minister said.
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In Almaty, a facility for producing car seats is under construction
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Asian region has good potential to continue stimulating global growth and development in upcoming years - Tokayev
Asia is expected to ensure 60% of global GDP growth this year. The continent accounts for 53% of global trade and is home to some of the world's largest and most dynamic economies. Foreign direct investment in Asia has increased significantly in recent years. This region is also home to the world's leading technology centers which ensure 70% of patent developments. The continent has significant human resources, with 21 of the world's 30 largest cities located in Asia. Out of $30 trillion of middle class consumption growth by 2030, only $1 trillion is expected to come from Western economies. As a whole, all these factors point to the so-called "Asian Renaissance," he said.
In this regard, the Boao Forum for Asia became the embodiment of the Asian innovative approach to achieving universal economic progress. It has also proved to be an exceptional symbol of China's commitment to global development," he stressed.
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Olzhas Bektenov discussed with ENI Upstream Director Luca Vignati the implementation of joint projects and increasing Kazakh content at Karachaganak and Kashagan
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Olzhas Bektenov and representatives of Société Générale Bank discuss attracting private capital to Kazakhstan
As the Head of State Kassym-Jomart Tokayev noted, it is necessary to actively involve international banks to attract foreign investment in Kazakhstan. In this direction, the Government is ready for mutually beneficial partnership and will assist in the implementation of projects important for the country," Olzhas Bektenov emphasised.
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Kazakhstan set to reduce crop areas
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Kazakhstan-Qatar relations at new level: Governments on behalf of heads of state launched investment projects worth $17.6bn
Qatar is an important economic partner of Kazakhstan in the Arab world. The agreements reached during the visit of the Head of State Kassym-Jomart Tokayev to Qatar bring our investment co-operation to a qualitatively new level. We are on the threshold of implementation of large-scale and strategically important investment projects for an unprecedented amount of $17.6 billion," Olzhas Bektenov stressed.
There is a good political basis for strengthening co-operation between our countries. Earlier during the visit, our heads of state expressed readiness to bring cooperation to a higher level and implement a number of joint projects. Our today's meeting will make it possible to realise the agreements reached at the highest level. For our part, we are ready to explore new avenues to broaden and deepen cooperation," Sheikh Mohammed bin Abdulrahman Al Thani said.
- projects for the construction of gas processing plants totalling about $5.7 billion. Implementation of the projects will saturate the domestic market and increase export volumes of marketable gas;
- projects for the construction of the Aktobe-Kostanai and Beineu-Bozoi-Shymkent trunk gas pipelines totalling about $7.7 billion aimed at developing gas supply to Kazakhstan's regions, ensuring natural gas supplies to backbone enterprises and the population of northern regions, and expanding the country's export opportunities;
- projects to build a power plant based on a combined cycle gas turbine with a capacity of 1100 MW and a hydroelectric power plant with a capacity of 350 MW for a total of about $2.7 billion, aimed at ensuring Kazakhstan's long-term energy security;
- projects to build plants for deep processing of wheat, peas and milk.
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Kaizen helps save raw materials and water in production
Last year, the plant underwent training on the implementation of the Kaizen lean production system," says Daniyar Kakimov, director of Ferrum Contract LLP. - We invited a trainer who taught employees the principles of Kaizen, introduced them to eight types of losses in production, and taught them how to find problem areas and quickly eliminate them. The training gave a positive result: employees learned to save raw materials, especially PET containers, glue and labels, and most importantly, water and electricity costs decreased. This saves money."
We plan to use part of the costs that QazIndustry reimbursed us for further improvement of production and technological processes, as well as for training workers and improving their competencies," shared D. Kakimov.
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Turkestan region has become the leader in investment in the furniture industry
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