It was a constituent republic of the Soviet Union and became independent in 1991. That money has transformed the capital Nur-Sultan on the windswept northern steppe into a 21st-century showpiece with a profusion of bold futuristic architecture.
Astana Kazakhstan S Current Capital Has Grown A Lot Over The Past Couple Of Decades Increasingly Audacious And Unconventional Architecture And Monumen Gedung
Meanwhile the super-giant Kashagan field finally launched production in October 2016 after years of delay and an estimated 55 billion in development costs.
. Kazakhstans oil production and potential is expanding rapidly. Firms have invested tens of billions of dollars in Kazakhstan concentrated in the oil and gas sector. It will be many travellers first port of call on their Central Asian adventure and there is much for the intrepid traveller to enjoy.
Kazakhstan is the worlds ninth biggest country by size and it is more than twice the size of the other Central Asian states combined. Kazakhstan has made some progress in creating a favorable investment climate although serious problems remain. Kazakhstan is the 81st largest trading partner of the United States with a total of 2 billion in two-way trade in 2019.
The worlds ninth-biggest country is the most economically advanced of the stans thanks to its abundant reserves of oil and most other valuable minerals. It is bounded on the north by Russia on the east by China on the south by Kyrgyzstan Uzbekistan the Aral Sea and Turkmenistan and on the southwest by the Caspian Sea. As seen on the physical map of Kazakhstan above the country extends from the Caspian Sea in the west to the Altay Mountains in the east.
A 368 billion expansion of Kazakhstans premiere Tengiz oil field by Chevron-led Tengizchevroil should be complete in 2022. Kazakhstan is the most dominant nation of Central Asia economically and politically generating 60 of the regions GDP primarily through its oil and gas industry. Kazakhstan is a country that stretches from Central Asia to Eastern Europe and occupies an area of 2724900 sq.
It also has vast mineral resources and is officially a democratic secular unitary constitutional republic with a diverse cultural heritage. Kazakhstan largest country in Central Asia.
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