ASSESSMENT OF THE CURRENT STATE AND EFFECTIVENESS OF STATE REGULATION OF THE ECONOMIC DEVELOPMENT OF THE OIL AND GAS INDUSTRY OF THE REPUBLIC OF KAZAKHSTAN

The relevance of this study is determined by the strategic importance of the oil and gas sector for the economic development of the Republic of Kazakhstan, as well as the need to improve the effectiveness of state regulation under conditions of fluctuating production and export volumes. The aim of the research is to conduct a comprehensive assessment of the current state and effectiveness of government regulation in the oil and gas industry. The study employed methods of system and comparative analysis, expert evaluation, as well as statistical generalization and data visualization techniques. Based on official statistical sources and legal documents, the paper analyzes the dynamics of oil and gas production, export volumes, and trends in transportation and processing. The findings reveal key institutional and infrastructural constraints affecting the sector’s stability. Among the identified challenges are internal gas shortages, limited processing capacities, and high dependence on external economic factors. The paper provides concrete recommendations on improving tax and investment policy, digitalizing permitting procedures, enhancing environmental regulation, and strengthening workforce development. The practical significance of the study lies in its potential to inform the development of a national strategy for the sustainable growth of the oil and gas sector and its contribution to the country’s GDP.