Kazakhstan has the largest recoverable crude oil reserves in the Caspian region. The hydrocarbon industry is estimated to account for roughly 50% of the government's revenues (BP Statistical Review of World Energy 2011). Kazakhstan's proven oil reserves are estimated at 30 billion barrels. Current oil production, approximately 1.6 million barrels/day, is dominated by two giant fields: Tengiz and Karachaganak, which produce about half of Kazakhstan's total output. In addition, the Kashagan field estimated to contain 35 bn barrels of oil begun production in September 2013. It is expected to contribute to another million barrels/day when it becomes fully operational. Proven natural gas reserves are estimated at 1.3 trillion cubic feet (Tcf). Kazakhstan is the world's largest uranium producer (33% of world output in 2010, USGS) and has extensive mineral resources (chromium, coal, copper, gold, iron, lead, manganese, and zinc).
Having achieved compliance in October 2013, the National Stakeholder Council is now undertaking a review process with a view to identify new activities and priorities for EITI implementation. The consultation process is currently ongoing as part of an analytical study that will investigate potentials for the EITI to do more in terms of monitoring the use of social investment funds and increasing transparency in the National Fund. The study is due to be completed in Q2 2014 and will feed in to a revised workplan. The study will also assess the feasibility of streamlining EITI reporting for extractive companies with other existing reporting mechanisms and create an online EITI data portal. The outlook for the EITI process was a key topic at the 5th National EITI Conference which took place in Astana on 9 October 2013, at which the members of the National Stakeholder Council also signed a new Memorandum of Understanding.
Preparations for the 2012 and 2013 EITI Reports in accordance with the EITI Standard have begun. The reports are due to be published in in August 2014.
- Work is underway to establish regional EITI resource centres to increase awareness and engagement in the EITI. This might include regional multi-stakeholder groups.
- The EITI Reports include disclosure of social expenditures by companies.
- The EITI Reports inlcude budget classification codes for the revenue streams reported.
- The MSG is piloting online data collection of company data for the 2012 and 2013 EITI reports.