Industrial production in Kazakhstan grows by 2% in Jan-Aug.

By bne IntelliNews September 11, 2013

Industrial production in Kazakhstan increased by 2% y/y in Jan-Aug, the State Stat Agency has informed. In the same period of previous year, industrial output went up by 0.7% y/y while in whole 2012 it stood at 0.5% y/y, well below the government’s forecast for 2012. The official forecast for this year is set at 3.8%.

The growth will be drive by oil production at the largest Kazakh field – Kashagan. It is planned that by the end of the year, oil output will reach level of 5mn tonnes per year. As production at the field was just launched, the government projection is likely to be realized.

Among sectors, industrial production in the mining sector went up by 2.9% y/y and in manufacturing – by 1.1% in Jan-Aug. Distribution of electricity and gas grew by 0.9% while water distribution shrank by 13.8%. The data also who that oil output increased by 3.1% y/y to 54mn tonnes and gas production went up by 3.3% to 27.8bcm in the reported period.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Lukoil expands in Kazakhstan

Lukoil is expanding its oil and gas operations in Kazakhstan, the Moscow-based Kommersant newspaper reported on April 8, amid limited overseas opportunities for the company because of Russia’s ... more

Kazakhstan and Uzbekistan’s combined IT exports surpass $800mn

Kazakhstan and Uzbekistan’s combined IT exports surpassed $800mn in 2023. The Kazakh IT sector's export revenue jumped from $50mn in 2020 to over $500mn last year. Astana Hub was a major ... more

Reconstruction of Afghanistan-Uzbekistan railway starts, ambition is to extend route to Pakistan

Engineers have commenced the $6.3mn and three-month reconstruction of the 75-kilometre (47-mile) cross-border railway line that links Uzbekistan and Afghanistan, ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. Russia’s war economy boosted by rising oil prices
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss