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Ministry of Energy forms a list of most required goods and services in oil industry

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by October 10, 2016 Business

During the meeting of Kazakhstans Government, Minister of Energy Kanat Bozumbayev spoke about the list of most required goods and services in oil industry that should be developed in Kazakhstan.

Currently, over one thousand companies with a workforce amounting to 160 thousand employees have been operating in the oil service market of Kazakhstan. 76 thousand employees of 150 subsoil user companies can be added to the figure mentioned above. According to the analysis, share of oil services amounts to 40% of total procurement of subsoil users, or about 1.3 trillion tenge annually. Main directions of the services are drilling and wells repair, construction, geophysics, engineering, maintenance and expertise, K. Bozumbayev said.

The Minister noted that development of oil services sector depends directly on the rates of oil industry development.

In order to support development of Kazakhstani production, the Ministry carries out a range of activities; in particular, there has been generated a list of most required goods and services, so-called top 10, that should be developed in Kazakhstan. Enterprises for creating modular structures, producing the flange and fitting joints, and repair of engineering equipment have been established as part of this initiative, K. Bozumbayev added.

Source: Government of the Republic of Kazakhstan

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