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
Embattled U.S. president, British prime minister embrace U.N. proposal for interim government in Baghdad
more »
Desert Gold: Niyazov’s Conflicted Approach To Turkmenistan’s Water Woes
more »
The Council of Prime Ministers of the Commonwealth of the Independent States countries will hold its next meeting on September 15, 2004 in Kazakhstan's
more »
Chinese Premier Wen Jiabao proposed in Beijing Friday to visiting Latvian President Vaira Vike-Freiberga that the two countries should promote bilateral relations through strengthening economic relations
more »
Russia has signed protocols on Russia's joining the World Trade Organization
more »
Russia plans to continue negotiations with Lithuania about an agreement on military transit
more »
The United States should enact a visa-free policy for citizens of Latvia, or at least decrease the application fee, Latvian Interior Minister Ēriks Jēkabsons told American officials
more »
Voter apathy - turnout in the current member states is likely to sink further
more »
Bush: Coalition Must Not Waver From Commitment to Iraq
more »
European Commission President Romano Prodi is in Beijing this Tuesday promoting partnership development with China - alone this time
more »