The Prime Minister emphasised that Kazakhstan would increase hydrocarbon extraction and processing.
On January 26, Prime Minister of Kazakhstan Askar Mamin presented the key aspects of the National Development Plan for the period until 2025 at an enlarged government meeting with the participation of President of the Republic of Kazakhstan Kassym-Zhomart Tokayev, the press office of the Government informed CentralAsia.news.
The basic vectors of the development concept include a multi-format approach to increasing overall economic outputs. The measures to be taken will focus on strengthening industrial capacity. The Prime Minister said that 112 large-scale projects worth 2 trillion tenge would be implemented in the agro-industrial, metallurgical, chemical, construction and machine building sectors in 2021.
Dwelling on the primary “items of income”, the Prime Minister said that the production and processing of energy resources would grow steadily. It is planned to extract 86 million tons of oil and 56 billion cubic metres of gas this year. Askar Mamin noted that the projects on construction of a large-scale gas processing plant in Kashagan and modernization of the oil pipeline network of the Caspian consortium would start soon.
The Prime Minister said that the private sector, as the main driver of the national economy, would develop intensively to achieve the objectives set forth in the President’s Address. He reported that 700 billion tenge would be allocated this year for concessional loans at 6% per annum and microcredits to support entrepreneurs.