Abstract: Kazakhstan is a key country along the Silk Road economic belt and its economic growth has important effects on bilateral trade cooperation between China and Kazakhstan. Petroleum industry is the pillar industry of Kazakhstan, as a result, its economic growth is closely related to the international oil price fluctuations. This paper, using the data of 1997-2015, employs the ADF test cointegration test and error correction model to make an empirical test and the results show that the international oil price fluctuations to Kazakhstan has a great influence on economic growth. The paper holds that Kazakhstan shall adopt diversified development strategy to promote stable economic growth, thus reducing the international oil price fluctuations on the unstable effects of its economic growth

Key words: International Oil Price, Economic Growth, Kazakhstan, Cointegration Model