The Karachaganak field

FDI in Kazakhstan takes hit

Kazakhstan

ASTANA, March 2, 2016 – The National Bank of Kazakhstan on Wednesday reported data on foreign direct investment (FDI) in oil and gas for the January-September 2015 period, revealing a 72.7% drop from 2014.

 

FDI in the production of oil and gas in the country fell to USD 1.9 billion during the first nine months of 2015. Geological exploration and research attracted some USD 3.8 billion, or 14.3% less than the same period in 2014. The total FDI figure for January-September 2015 came out at USD 11 billion, down USD 8.1 billion.

Kazakhstan’s main investors were the Netherlands with 33.6%, the US (16.6%) and Switzerland (12.8%), followed by France, the UK and Belgium. Other investors were Russia, Italy, Germany, South Korea and Japan.

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