By 2025, oil extraction will reach 104 million tonnes per year.
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.
The draft law will simplify the procedures for investors as much as possible.
The Kazakh geologists found nearly 500 tons of gold reserves.
New deposits of oil and natural gas have also been identified.
The National Geological Exploration Company Kazgeologiya, Polymetal and Kazzinc Ltd agreed to implement joint projects.