Economic Valuation of Natural Resources: Concepts and Prospects

This textbook examines methods for the economic valuation of natural resources, specifically the challenges of the rational use of oil and gas resources in the context of the current market development in Kazakhstan. It outlines approaches to the rational use of Kazakhstan's crude oils, taking into account their physical and chemical characteristics, fractional composition, and crude oil refining processes. It highlights the economic and environmental damage caused to the republic's national economy by harmful emissions into the environment, which can be eliminated through the co-extraction of valuable components during oil refining. Directions for the further improvement and development of Kazakhstan's oil and gas sector are identified. The book is intended for master's and doctoral students, researchers, faculty members, and specialists in government agencies and enterprises dealing with issues of subsoil use and environmental protection.