Kazakhstan is set to launch seven additional joint ventures in its oil and gas sector as part of a national initiative to enhance localization efforts.
Speaking at a government meeting on Tuesday, Kazakh Energy Minister Yerlan Akkenzhenov highlighted that since 2022, the country has successfully localized eight production facilities in collaboration with leading international and domestic companies. These partnerships include Germany’s Wika, U.S.-based Honeywell and Schlumberger, Italy’s PetrolValves, Kazakhstan’s Sigma Solutions in cooperation with American firm N.Vent, Malaysia’s Euro Circuit Technology, South Africa’s Beruseal, and Yeskertkish Kyzmet Kazakhstan.
Akkenzhenov emphasized that these ventures have significantly advanced Kazakhstan’s capacity to produce high value-added goods, thereby strengthening the domestic industrial base.
Looking ahead, the government is working on localizing seven more production facilities in partnership with global leaders such as Leser, John Crane, Hi Air Korea, Baker Hughes, Breda Energia, Flowserve, and Swagelok, further reinforcing Kazakhstan’s commitment to expanding its oil and gas manufacturing capabilities.
This development aligns with recent economic data indicating a 7.2% year-over-year increase in Kazakhstan’s manufacturing output in April, underscoring the growing momentum in the country’s industrial sector.