Kazakhstan plans to attract new investors in field development

Kazakhstan intends to attract investments in exploration and development of deposits. Currently, the Government is conducting systematic work to revise contracts and licenses issued to subsoil users. Thus, in the course of the analysis, the authorized bodies identified 148 contracts for solid minerals and 27 contracts for hydrocarbon raw materials with low fulfillment of obligations. Contracts with them will be terminated, and the deposits will be put up for auction, subsequently for the transfer to new investors. Due to this, experts say, the inflow of investments into the sphere of subsoil use will increase. First of all - on the development of deposits of solid minerals.

Translation by Aruzhan Bizhigitova

Editing by Saule Mukhamejanova