Kazakhstan's economy: Crude calculations

Kazakhstan's economy: Crude calculations

Kazakhstan’s economy is growing at a decent rate, but its workforce is not. Schools, vocational training, and adult skills must be improved. In January 2025, Chevron announced first oil from the Future Growth Project at the Tengiz field in western Kazakhstan. The 48 billion US dollars expansion, nearly a decade in construction, lifted Kazakh oil output by 13.5 per cent over the course of the year and pushed real GDP growth to 6.5 per cent. That …