Until 2015, Kazakhstan was one of the top 10 fastest-growing economies in the world, and its GDP per capita has increased sixfold since 2002, thanks to development of its oil, gas, coal and metals sectors. Major international companies including Chevron, Exxon Mobil and Shell all operate in the country, and Chevron is Kazakhstan’s largest private oil producer.
Importantly, “It is one of the few OPEC+ oil producers with output set to grow in coming years,” said Matt Orr, Eurasia analyst for risk intelligence firm RANE, thanks to significant investments in its lucrative Tengiz and Kashagan fields.
