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
President of the Republic of Lithuania Valdas Adamkus sent congratulations to the President of the Republic of Finland Tarja Kaarina Halonen on Finland's national holiday, the Independence Day.
more »
President Adamkus said that the memory of such an eminent archpastor has far transcended the boundaries of the Russian Orthodox Church.
more »
President of the Republic of Lithuania Valdas Adamkus congratulated His Majesty King Bhumibol Adulyadej of Thailand and all Thai people on their national holiday, the National Day.
more »
Acting Prime Minister Gediminas Kirkilas is going to attend the forthcoming international conference “Solidarity for the Future” scheduled to take place on 5-6 December 1988 in Gdansk (Poland).
more »
Acting pursuant to Art. 84(4) of the Constitution of the Republic of Lithuania, the President of the Republic of Lithuania Valdas Adamkus has signed a decree to approve the composition of the Government of the Republic of Lithuania.
more »
Gediminas Kirkilas talked about energy security reinforcement projects in Lithuania, a new nuclear power station, power bridges to Sweden and Poland as well as projections for a LPG terminal.
more »
On 2 December, State Secretary of the Ministry of Foreign Affairs of Lithuania Deividas Matulionis took part in an annual Summit of the Baltic Development Forum in Copenhagen.
more »
President of the Republic of Lithuania Valdas Adamkus extended condolences on behalf of himself and all people of Lithuania to the President of the Republic of India Pratibha Devisingh Patil on violence and human victims in the Indian city of Mumbai.
more »
The Head of State congratulated J. Bertomeu and members of the Union of European Basketball Leagues (ULEB) on the start of the Eurocup championship in Vilnius.
more »
The Baltic Summit annually gathers the presidents of the three Baltic States.
more »