ASSESSMENT OF THE CURRENT SITUATION OF INVESTMENTS FROM CHINA IN KAZAKHSTAN’S OIL AND GAS INDUSTRY

The main purpose of the article is to assess the current state of investments from the Chinese state in the economy of Kazakhstan, including in the oil and gas industry. Along with the system of the national economy, Kazakhstan's investment policy is dominated by its huge neighbor, the people's Republic of China. Therefore, bilateral economic relations are systematically developing. In particular, Chinese investors are increasing investment cooperation in all sectors of Kazakhstan's economy. The growth and expansion of investments from China is a reflection of the economy characterized by multilateral cooperation. The oil and gas industry, which is the main source of the national economy of Kazakhstan, is the main investment attractive industry not only for Chinese, but also for other states. In recent years, relations between Kazakhstan and China in the oil and gas industry have been developing rapidly. The second decade of the XXI century began a new stage in the development of relations between Kazakhstan and China, characterized as a strategic partnership within the framework of the new impetus of the "One Belt, One Road" Initiative. This strategy is aimed at establishing long-term development goals, turning the partnership between Kazakhstan and China into the most important mechanisms of the foreign economic policy of the two countries. Thus, in the process of research authors proof that tendency of Chinese investors in the oil and gas industry of Kazakhstan hold the top three after the United States and Europe, and this pace will certainly increase.