KAZAKHSTAN AND CHINA IN THE CONTEXT OF ECONOMIC OIL AND GAS COOPERATION

Abstract

This article analyzes the project and investment participation of Chinese companies in the oil and gas industry of Kazakhstan, with special attention paid to the development of economic cooperation and energy dialogue between the Republic of Kazakhstan (RK) and the People's Republic of China (PRC). The risks, prospects for the development of the energy dialogue and its impact on economic cooperation are identified. The article reflects the current state of oil and gas companies with the participation of Chinese capital in the Republic of Kazakhstan, the prospects and risks of attracting Chinese investment in the industry of the Republic of Kazakhstan are identified.

Mutual desire to maintain stability and geographical proximity have become prerequisites for close strategic relations between the two countries. In conclusion, the result of the infusion of Chinese investments into the economy of the Republic of Kazakhstan is noted, this is a contribution to GDP, exports of goods, employment of the population. Chinese investments create jobs. Cooperation between Chinese companies and partners of the Republic of Kazakhstan contributes to the introduction of new technologies, knowledge and practices.