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
Erdogan Participates In The Turkish - Russian Business Council Meeting
more »
LITHUANIAN AND ESTONIAN PRESIDENTS STILL UNSURE OF GOING TO MOSCOW ON MAY 9
more »
Russian President Vladimir Putin and his Kazakhstani counterpart Nursultan Nazarbayev discussed the final details of the process of delimitation of the border between Kazakhstan and Russia
more »
MACEDONIA AND ALBANIA TO FOCUS ON ECONOMIC COOPERATION IN 2005
more »
Fifth session of Uzbekistan-European Union Cooperation Committee, main executive body in implementation of provisions of the Agreement on Partnership and Cooperation between the sides, was held in Brussels, Belgium
more »
Latvian President Vaira Vīķe-Freiberga has scheduled a two-day state visit to the Netherlands
more »
Ukraine's Supreme Court halted publication of the final results of last month's repeat presidential election until it examines an appeal from the defeated candidate
more »
Belarus President Aleksander Lukashenko has insisted there will be no people's revolutions, whether "rose, orange or banana", in his country
more »
Ukrainian election officials declared Viktor Yushchenko the official winner of a presidential rerun vote
more »
Armenia and Azerbaijan will resume early next week internationally mediated negotiations that could mark a turning point in their protracted search for a mutually acceptable solution to the Nagorno-Karabakh conflict
more »