Why would you export to Kazakhstan?

Posted on: 14/10/2013 in: Recent Developments

Here’s one answer.  The KazMunaiGas corporation has recently announced a $23 billion project to expand production at the Tengiz field, to be implemented between 2013-2018.  Projects like this are currently planned and taking place across the country.  Compare this to projects currently taking place in the UK.  Only Hinkley Point C, which will involve an estimated £14 billion investment over a similar period, is in the same league. (Unless you count HS2, which we’re not counting on yet!).

$23 billion Tengiz expansion project approved

UK exports to Kazakhstan in 2012 were valued at £375 million, but the country remains a source of untapped potential. According to UK Trade and Investment Minister Lord Green:

“Kazakhstan is emerging as the dominant economy in central Asia and offers many opportunities for British businesses small and large across a wide variety of sectors”

Maybe the question should be why wouldn’t you export to Kazakhstan? Perhaps you don’t know what it might involve?  Why not ask us?