As more and more small business owners venture into different industries, there is no denying that there are risk factors associated with starting a business. This can vary from the state of the economy to the latest trends in demand for the business to succeed. Nevertheless, there has been an increase in the number of small business owners within the U.S., reaching over 430,000 new businesses per month in 2024, a 50% increase compared to 2019. Kicking off the new year of 2025, various considerations and influences need to be considered for current and future entrepreneurs worldwide.
globalEDGE Blog - By Tag: kazakhstan
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The new year in Kazakhstan had a tumultuous start. This blog will be analyzing the events of the new year in Kazakhstan and how it is affecting not only themselves, but other countries as well.
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Chevron and partners in the Tengiz oil field in Kazakhstan will help to increase crude oil production in the field by about 260,000 barrels per day with the development of its Future Growth and Wellhead Pressure Management Project. This expansion is estimated to cost $36.8 billion but will increase the field’s total daily production to about 1 million barrels. Multiple companies own portions of this oil field: Tengizchevroil is 50% owned by Chevron and owns and operates the Tengiz field. However, another 25% is owned by Exxon Mobil Corp, 20% by Kazakhstan’s state-owned energy company, KazMunayGas, and the final 5% is owned by a subsidiary of Russia’s Lukoil.