As far as energy production and trade concerns, Minister Bozumbaev informed about the continuous increase of crude export and increasing petrochemical investments in Qazaqstan. The most recent development is related to the opening of export of natural gas to China. He also highlighted the role of the Energy Charter in supporting Qazaqstan ambitions in increasing levels of investment in renewable energy sources. Recently, Qazaqstan successfully introduced the auction model on the allocation of licences for solar and wind investments.
According to Minister Bozumbaev, the launch of the Astana International Arbitration Centre could result in closer collaboration between the Government of Qazaqstan and the Secretariat in terms of dispute resolution trainings and knowledge sharing.