Kazakhstan

Energy is the leading economic sector. Production of crude oil and natural gas condensate in Kazakhstan amounted to 51.2 million tons in 2003, which was 8.6% more than in 2002. Kazakhstan raised oil and gas condensate exports to 44.3 million tons in 2003, 13% higher than in 2002. Gas production in Kazakhstan in 2003 amounted to 13.9 billion cubic meters (491 billion cu. ft), up 22.7% compared to 2002, including natural gas production of 7.3 billion cubic meters (258 billion cu. ft). Kazakhstan holds about 4 billion tons of proven recoverable oil reserves and 2,000 cubic kilometers (480 cu mi) of gas. Industry analysts believe that planned expansion of oil production, coupled with the development of new fields, will enable the country to produce as much as 3 million barrels (477,000 m?) per day by 2015, lifting Kazakhstan into the ranks of the world’s top 10 oil-producing nations. Kazakhstan’s 2003 oil exports were valued at more than $7 billion, representing 65% of overall exports and 24% of the GDP. Major oil and gas fields and their recoverable oil reserves are Tengiz with 7 billion barrels (1.1 km?); Karachaganak with 8 billion barrels (1.3 km?) and 1,350 km? of natural gas); and Kashagan with 7 to 9 billion barrels

Demographic Data

Economic Data

Cultural & Other Data

GDP (PPP, $bn)

176.9

Capital

Astana

Area (sq. km.)

2,717,300

GDP Real

Growth (%)

3

Other Large Cities

Almaty, Karaganda, Shymkent

Population (million)

15.4

PerCap GDP ($)

11,500

Primary Language

Russian

Population

Growth %

0.392

Central Bank

Discount Rate (%)

11

Urban

Population %

58

% Population

Under 15yrs

21.8

Inflation Rate%

18.6

Urban Growth %

1.2

Population below

poverty line (%)

13.8

Unemployment%

6.9

Literacy

(% of population)

99.5

Agricultural Workers

(% of population)

32

Foreign Direct

Investment($bn)

47.66

Education spending

as % of GDP

2.3

Industrial Workers

(% of population)

18

Debt-External

($bn)

103.6

CPI Score

(1-10)*

2.2

Service Workers

(% of population)

50

Exports ($bn)

66.57

Corporate

Income Tax %***

15%

Labor Force (mil)

8.36

Imports ($bn)

37.53

Ease of Doing

Business Ranking **

70

CURRENCY EXCHANGE RATE

06/18/09 $1 = 150 KZT

Franchising Laws Overview

Disclosure laws:

  • None.

Relationship laws:

  • Franchisor’s Rights:

    • Control the quality of goods and services.
    • Preemptive purchase in the event the franchisee transfers its company.
    • To enter into additional contracts with the franchisee.
    • To act as the franchisee’s guarantor.
    • To terminate and claim damages if the franchisee violates the Agreement.
  • Franchisor’s Obligations:
    • Provide the franchisee with an operations manual.
    • Train and consult the franchisee as defined in the franchise agreement.
    • Not to disclose confidential information obtained from the franchisee.

Registration laws:

  • None.
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