international magazine
11 / 2008

The Thorny Path of Kazakh Engineering

The world financial crisis which began in 2007 is gaining strength. For Kazakhstan, whose economy is based on the capacity of its powerful oil and gas complex, the sharp drop in hydrocarbon material prices was another hard strike. Yet as the old sages taught, there is a positive side to every situation. The rapid increase in the cost of foreign equipment gives Kazakhstan's metallurgy, engineering and machine tooling companies an additional chance to develop.