Kazakhstan Oil & Gas Report Q2 2018
We hold our positive outlook for Kazakhstan's oil and gas industry industry as the country's hydrocarbons production willcontinue rising in 2018 and across the medium term, supported by additional output from Tengiz and Kashagan fields. The ongoingmodernisation of the country's refining sector will help reduce the country's reliance on Russian fuel imports and increase securityof supply amid growing domestic demand. That said, a difficult regulatory environment and a history of delays in technicallychallenging oil and gas projects indicate notable risks to international players in the market.
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