BusinessPublished
Kazakhstan Seeks Diversification Beyond Oil
Kazakhstan's oil pipeline, a symbol of the country's prosperity, is under threat from Russia's war in Ukraine. This has led Kazakhstan to reconsider its dependence on oil and explore alternative industries, such as manufacturing. The country aims to increase domestic production and reduce its reliance on foreign imports.
At a glance
- Kazakhstan's oil pipeline, CPC, is a crucial export route.
- The country is diversifying its economy beyond oil, with a focus on manufacturing.
- Kazakhstan has significant deposits of critical minerals and geologically underexplored territory.
- Local businesses and international investors, including Donald Trump, are showing interest in Kazakhstan's potential.