Kazakhstan is poised to become a major supplier of petroleum to the Western world and a competitor to OPEC.
Published:
31 July 2001 y., Tuesday
Former U.S. Ambassador to the United Nations Bill Richardson states that of all the former Soviet Union states, "few offer the promise of Kazakhstan. In terms of both economic potential and political stability, Kazakhstan is critical to the long-term success of the Central Asian nations."
As a result, the West should try to ensure that it continues to adopt political and market reforms. He notes that since its independence in 1991, Kazakh leaders have made the difficult decisions necessary to move their country forward. He writes: "Kazakhstan has begun to prosper by working to build a modern economy, developing its vast natural resources and providing a base of stability in a very uncertain part of the world. With the discovery of the massive Kashagan oil field in the Kazakh portion of the Caspian Sea, Kazakhstan is poised to become a major supplier of petroleum to the Western world and a competitor to Organization of Petroleum Exporting Countries (OPEC)."
Richardson says that while many more challenges lie ahead for this emerging nation, there are enormous opportunities for its future political and economic success.
Šaltinis:
THE WASHINGTON TIMES
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Kiev has said it is ready to reject part of the EU's flagship neighbourhood policy if the new deal does not enhance ties between the two sides
more »
Prime Minister Tony Blair counted the electoral cost of going to war in Iraq in Thursday's European and local British elections
more »
President Bush conceded Thursday that it is unrealistic to expect NATO countries to send more troops to Iraq, but made a parting plea to world powers to do more to guide the Iraqi people to a stable democracy
more »
President Bush yesterday was bluntly told by European and Arab allies alike that a serious new push for a Palestinian-Israeli peace solution was vital
more »
Nato boosted ties with Ukraine on Monday by signing an agreement to use its eastern neighbour's transport planes
more »
Iraq has emerged as an important issue in this week's historic pan-European election
more »
A statement bearing Al-Qaida’s name warned tonight that Western airlines will be the terror group’s priority target in the near future
more »
President Vladimir Putin and his Belarussian counterpart said Saturday that they had solved a conflict over Russian natural gas supplies
more »
US president George W. Bush has arrived in the Italian capital Rome at the start of a European tour
more »
Iraq's Foreign Minister has told the United Nations Security Council that his new government wanted United States-led troops to stay, but said Baghdad needed some control over how long they would remain in the country
more »