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
Kazakh Prosecutor-General Rashid Tusupbekov has asked his Russian counterpart Vladimir Ustinov to consider charges against Russian State Duma Deputy Vladimir Zhirinovskii for disparaging comments
more »
US Secretary of State Condoleezza Rice has again expressed concern about Russia's slow pace of democratic reform, and promised that Washington would help key ally Poland modernise its army
more »
Ukraine's democratic Orange Revolution won't be repeated in Kazakhstan, a leading expert said Friday.
more »
Mikheil Saakashvili announced in Tbilisi that he will head the Georgian government temporarily following the sudden death of Prime Minister Zurab Zhvania
more »
Ukraine’s upper chamber of parliament has asked the country’s prosecutor general to launch a criminal case against former President Leonid Kuchma for his involvement in the kidnapping and murder of a journalist
more »
A senior Ukrainian legislator alleges the country sold nuclear-capable cruise missiles to Iran and China in violation of international non-proliferation treaties
more »
Slovenia's parliament has ratified the European Union constitution by an overwhelming majority.
more »
The European Union will reportedly delay accession talks with Croatia, if that nation does not increase cooperation with The Hague's criminal tribunal
more »
Dimitrij Rupel, current President of the Organisation for Security and Cooperation in Europe (OSCE), who arrived in Moscow for a working visit on Monday, is to discuss OSCE reform problems here on Tuesday
more »
Kyrgyzstan’s opposition movement is accusing the authorities of “persecution and provocation” in the run up to the parliamentary elections on February 27
more »