informkz.com

Tokaev has instructed to intensify negotiations on oil fields under favorable conditions for Kazakhstan.

On January 28, 2025, during an extended government meeting, President Kassym-Jomart Tokayev instructed the government to intensify negotiations on Production Sharing Agreements (PSAs) for oil fields under terms favorable to Kazakhstan.
Токаев дал указание ускорить переговоры по нефтяным месторождениям на условиях, выгодных для Казахстана.

He noted that the implementation of production sharing agreements for large deposits has enabled Kazakhstan to become a reliable supplier of energy resources to the global market. These projects significantly contribute to the socio-economic development of the country.

"Meanwhile, large investments require a long-term planning horizon. Therefore, the government needs to intensify negotiations regarding the extension of the production sharing agreements under updated, favorable conditions for the country," – said Kassym-Jomart Tokayev.

According to the head of state, it is essential to involve a number of technologically complex oil fields in the economic turnover, as well as to exploit the significant reserves of shale oil that exist. To enhance the commercial attractiveness of such projects, the government should consider appropriate measures for state support.

"I repeat: in the current geopolitical and economic realities, attracting private investments into the economy, whether in industry or agriculture, is a priority task for the government. This strategy aligns with the long-term national interests of the country. Therefore, I would like to emphasize that manipulation with populist slogans is unacceptable here. Only in this way can Kazakhstan receive an additional influx of investments into the economy, increase its resource potential, and create conditions for the establishment of new industrial productions. I mention this specifically so that society knows my position," – stated Kassym-Jomart Tokayev.

It was previously reported that Kazakhstan has begun extracting shale oil.