The impact of oil industry on the economy of Kazakhstan

Aziza Akhmetova

Bakalářská práce

Abstract:

Crude oil plays the key role in the economic development of many countries. Kazakhstan is one of these countries. After the collapse of Soviet Union, Kazakhstan achieved the fast development of an economy with a help of oil and gas industry. Now the economy of Kazakhstan is based on the revenues from oil and gas industry. It means that any fluctuations in oil price or oil production will affect not only the national GDP but also, the position of Kazakhstan on the international market. Kazakhstan is one of the largest crude oil producers with a great number of oil reserves. The Republic of Kazakhstan has a raw material orientation, which, for its part, can bring a certain advantage, but it is also a disadvantage from country's vulnerability point of view. The main objective of the thesis is to analyse the impact of oil price and production volatility of the economic development of Kazakhstan.

Keywords

Crude oil, Kazakhstan, Oil market, Oil price, Oil field, Gas, Oil and Gas industry

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 13. 3. 2018

Obhajoba závěrečné práce

• Vedoucí: doc. Ing. Mansoor Maitah, Ph.D. Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program / obor:
Economics Policy and Administration / Business Administration