Adilet Party Hosts Talks on Oil & Gas Industry Development in Kazakhstan

The Adilet Party’s Business Council recently convened government agencies, national companies, and industry experts to discuss the strategic development of Kazakhstan's oil and gas sector. The discussions focused on transitioning to a new investment phase that prioritizes high-value-added production, technological advancement, and the expansion of the country's resource base. This meeting is significant for the sector as it addresses systemic issues such as pricing transparency and the development of domestic petrochemical infrastructure to ensure long-term economic growth.

During the meeting, Adilet Party Chairman Aibek Dadebay emphasized that Kazakhstan is entering a new investment phase requiring fresh approaches to resource management. He stated that the priority for the industry has shifted from simple extraction to the development of modern industrial production and the strengthening of Kazakh enterprises. Dadebay highlighted that economic policy must focus on creating new value within the country by adopting advanced technologies and supporting human capital, particularly for engineers and manufacturers.

Specific industrial projects were showcased, including the Silleno polyethylene plant currently under construction. Silleno CEO Mukhtar Avutbayev reported that the facility is designed to output 1.25 million tons of products annually and is expected to create over 1,000 permanent jobs while stimulating employment in related sectors. The project already involves 34 domestic companies, illustrating the push for increased local content. KAZENERGY Association Chairman Bolat Akchulakov added that achieving these goals will require more effective investment attraction mechanisms and improved regulatory frameworks for the industry.

The independent oil production sector was also a key focus, with PetroMining Association Chairman Sayatbek Boranbekov noting that member companies currently account for more than 20 percent of Kazakhstan's total oil production. Boranbekov argued that future growth in this segment depends on the implementation of transparent and economically justified pricing mechanisms to enhance investment appeal for new field development. Additionally, the forum touched on the need to expand the resource base and increase the competitiveness of oilfield services and machinery manufacturing. Kazakhstan is reportedly targeting KZT350 billion in oil and gas sector investments for 2026.