Kazakhstan’s PetroCouncil — an oil and gas industry association representing about 150 domestic oilfield service, engineering and manufacturing companies — has appealed to Prime Minister Olzhas Bektenov to protect local firms from what it calls dumping by Chinese companies in Kazakhstan’s petrochemical sector.
Crowding out
The council notes that foreign contractors, primarily from China, are increasingly involved in large industrial and petrochemical projects across Kazakhstan. These companies reportedly offer services at prices up to 70% below market rates, effectively crowding out domestic enterprises.
To address the issue, PetroCouncil aims to limit price dumping by setting a...