Results and Prospects
At an extended meeting of the Ministry of Energy of the Republic of Kazakhstan panel on March 5, the oil and gas industry's work in 2020 was summed up, and tasks for 2021 were outlined.
The Government of Kazakhstan has selected enterprises and companies that should go into private hands during the "second wave" of privatization of state assets. The list is published on the State Property Agency website gosreestr.kz.
KazTransGas, the national operator in the field of gas and gas supply, has become an independent portfolio company of the Samruk-Kazyna Fund.
A decline in economic activity this spring caused by the COVID-19 outbreak and the ensuing massive lockdowns has led to a drastic fall in global demand, combined with a crash in energy prices, with the oil market taking the hardest hit.
The year 2020, which is coming to its end, turned out to be quite difficult for Kazakhstan's oil and gas industry.