Kazakhstan is a country renowned for its commodities, whose major source of government revenue is the export of minerals, with oil exports holding the largest place. According to statistics, oil exports account for about 60% of all country exports. Consequently, close attention is paid by the local and international community to the state and legislative developments in the field of oil and gas exploration and production. The global economic situation, oil prices, operations of foreign investors, project implementation, and industry social problems of the industry are the main triggers for any initiative in legislation and social response.
Source: IVInvestors' Voice - AmCham. Autumn Oil and Gas Review 2019. The Perspective of Industry Leaders.