Fincraft Group President Kenges Rakishev talked with Proactive's Stephen Gunnion about the company's strategic investments in Kazakhstan’s energy and resource sectors. Rakishev highlighted how the company is transitioning from a traditional oil and gas focus to include critical minerals like lithium, nickel, and cobalt, which are essential for the renewable energy industry.
He discussed Kazakhstan’s growing role as a key player in energy security, leveraging its position between China, Europe, and Russia to expand its resource exports. Fincraft Group is investing in infrastructure and cleaner extraction technologies to align with global ESG trends. Rakishev also emphasised the importance of natural gas as a clean energy source, with plans to complete a gas plant in the Mangistau region to produce LNG and LPG for export.
Discussing major projects, Rakishev explained how investments in Equus Petroleum and Tethys Petroleum contribute to a broader energy transition strategy, while divestments from ARK Petroleum and Nomad Oil align with a shift toward sustainable energy solutions. He also highlighted Kazakhstan’s increasing focus on carbon capture, low-emission oil production, and rare earth minerals to support the electric vehicle and battery industries.
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