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
The heads of seven major Kazakh banks issued a statement on 2 December pledging support for President Nursultan Nazarbaev's policies and promising to stay out of politics
more »
EU ministers move forward on controversial data retention proposals
more »
The Russian leader is to meet Turkish President Ahmet Necdet Sezer and Prime Minister Recep Tayyip Erdogan and oversee the signing of six cooperation agreements, including defense, finance and energy accords
more »
The Senate has voted in favour of a government plan to ease access to the Swiss labour market for citizens of the ten new European Union member states
more »
Prime Minister Manmohan Singh on Friday held wide-ranging discussions with visiting Russian President Vladimir Putin on bilateral, regional and international issues
more »
Estonia will participate in the European Union's (EU) battle groups that will be deployed in the future for the regulation of different crises
more »
Lithuanian parliament will cooperate only with democratically orientated Belarusian National Assembly, speaker says
more »
The Armenian and Azeri foreign ministers are to meet in Sofia soon, Armenia's minister Vardan Oskanyan said in interview with Public Television of Armenia
more »
Negotiators made a breakthrough in Ukraine's election crisis on Wednesday, with all sides concerned agreeing to new elections under terms stipulated by the Supreme Court
more »
Tokyo wants on board; Hosoda seeks veto power
more »