Companies from the U.S., Germany, Italy, South Africa and South Korea plan to localize the manufacturing of oil and gas equipment in Kazakhstan. According to Yerlan Akkenzhenov, vice minister of energy, potential partners include LESER, a German valve manufacturer; Beruseal, a South African provider of leak sealing solutions, and John Crane, a U.S. manufacturer of industrial equipment.
The projects under consideration are expected to create dozens of jobs and attract $3 million in investments. Additional localization projects are set to be launched over the next three years with companies such as Hi Air Korea, a manufacturer of air conditioning and...