Tuesday, August 6, 2019

In Kazakhstan, Chinese investors buy oil, gas companies

Reportedly, China exports annually goods worth $15 billion to Kazakhstan. Chinese investors are actively purchasing oil and gas companies in this former Soviet republic.

According to various sources, 20-50% of Kazakh oil belongs to Chinese businessmen. At present, the Chinese produce more than 17 million tons of oil in Kazakhstan.

Chinese restaurants are mushrooming in the capital city of Kazakhstan, and they are not faced with a shortage of visitors. Over the course of one year alone, 12,000 citizens of China received the right to work in the former Soviet republic. The Chinese account for 38% of all migrant workers in Kazakhstan, while the rumor runs that 400,000 unskilled laborers with Chinese passports illegally penetrated into the country.

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