Nowadays, Kazakhstan is among the world’s fastest-growing primary energy source producers and exporters. The energy industry of Kazakhstan includes oil, gas and coal production, and electricity generation.
On March 7, 2017, the Prime Ministers of the Eurasian Economic Union (EEU) member states held a meeting of the Eurasian Intergovernmental Council in Bishkek in order to discuss prospects to strengthen mutual trade and ways to remove barriers for the development of the internal
It is essential for the oil-rich Kazakhstan to ensure the progressive development of the export capacity in all the major export routes, as well as to secure transportation of oil and petroleum products to domestic markets.
The Kashagan oil field in the Caspian Sea is a largely known oil field outside the Middle East and the fifth largest oil field in the world regarding the reserves. Discovered in 2000, it is the largest new oil deposit found in the last 30 years.
Presently, Kazakhstan exploits three oil refineries that were constructed during the USSR period: in the Pavlodar, Atyrau and South Kazakhstan regions. The first operating oil refinery plant was constructed in Atyrau in 1945, at the end of the World War II.
Kazakhstan is India’s largest trading partner among the Central Asian states. The cooperation on energy resources and trade of natural resources is an important component of the partnership between India and Kazakhstan.