By 2025, oil extraction will reach 104 million tonnes per year.
Topic: Subsoil use
The companies will conduct exploration works at the new sites without going through the auction procedure.
Last year, the volume of extracted oil exceeded 86 million tonnes.
The goal is to create an accessible information system that will attract investors to the field of subsoil use.
The Mazhilis introduced a new Code on subsoil use and its amendments.
Kazakhstan’s first public auction in subsoil sector brought 1.5 bln tenge to the budget.