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>the minimum wage is 42,500 tenge (€98.7) a month.

Surprising. Ukraine, where I'm from, has a minimum wage of €200 despite being resource-poor and simply poor-poor, if you go by relatively objective measures like GDP per capita with PPP. But oil-rich Kazakhstan seems to really keep their hoi polloi on a lean diet.

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Resource curse. Economies that depend on a single extraction resource tend to be pretty stagnant and rife with corruption. There’s also the issue that they need to discourage local consumption of the export resource, since local consumption doesn’t enrich the country, even if the locals need to consume to not freeze to death.

It's all a matter of costs and standard of living.

Oil (and generally resource rich countries) have a tough line to thread between spreading the riches among the population without making the said population dependent on that sharing ( e.g. Venezuela) and hoarding at the top. Most fail miserably, and honestly the only one i can think of doing a great job is Norway, and it was mostly by accident.

Norway already had a rich modern economy before they struck oil.

what about US?

The reason why Norway is an exception is largely because its liberal democratic political system was already well-developed by the time it became a heavy oil producer.

https://youtu.be/rStL7niR7gs?t=758

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