President of Kazakhstan Kassym-Jomart Tokayev has instructed the cabinet to accelerate negotiations with foreign investors on the extension of production sharing agreements (PSAs) under new, preferential terms for Kazakhstan.
«With the help of production sharing agreements, Kazakhstan has become a reliable supplier of energy carriers on the global market… Meanwhile, large investments require a long-term planning timeframe. This is why the cabinet should advance negotiations about extending PSAs under renewed, more beneficial conditions for the country,» he said during a cabinet meeting.
He also highlighted that these projects play a crucial role in the socio-economic...