Crude calculations
Kazakhstan’s economy is growing at a decent rate, but its workforce is not. Schools, vocational training, and adult skills must be improved.
NF
ManyPress Editorial Team
ManyPress Editorial
Kazakhstan’s economy is growing at a decent rate, but its workforce is not. Schools, vocational training, and adult skills must be improved.
Key points
- In January 2025, Chevron announced first oil from the Future Growth Project at the Tengiz field in western Kazakhstan.
- The 48 billion US dollars expansion, nearly a decade in construction, lifted Kazakh oil output by 13.5 per cent over the course of the year and pushed real GDP growth to 6.5 per cent.
- That figure, published by the World Bank in its Kazakhstan Economic Update this week, was the headline that travelled around the world.
- The numbers underneath travelled less well.
- With the Future Growth Project at name-plate capacity (around one million barrels per day, achieved by May), the World Bank expects growth to slow to 4.6 per cent in 2026 and to converge towards 3.…
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Emerging Europe.
