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
Lukashenka: EU and USA Bring Pressure On Minsk Because Of Friendship With Russia
more »
Chinese president vows to further political, economic ties with Azerbaijan
more »
Russian President Vladimir Putin made a one-day fence-mending trip to Ukraine on Saturday to seek assurances the country's new government will not drive the two countries apart
more »
FRENCH President Jacques Chirac tomorrow will host the leaders of Germany, Spain and Russia for informal talks and a working dinner aimed at repairing strained ties between Europe and Russia
more »
Russian President Vladimir Putin will pay a visit to Ukraine on March 19 to meet his Ukrainian counterpart Viktor Yushchenko
more »
The current turmoil in the ruling coalition has been seen by many politicians as a major shake-up for the whole country
more »
The Democratic Left Alliance (SLD) asked Prime Minister Marek Belka not to submit his resignation before the European Council summit which will be held in Warsaw in mid May
more »
Russian Government Preparing Proposals on Revision of Trade with Moldova
more »
Moldova's Constitutional Court today upheld the ruling Communists' victory in parliamentary elections earlier this month
more »
Russia hopes to hold consultations with the Georgian side over the Russian military bases stationed in Georgia “in the third decade of March”
more »