New Market Report: Kazakhstan Oil & Gas Report Q3 2013
Our outlook for Kazakhstan remains broadly optimistic, although we underline growing risks related to resource nationalism and geological complications on major prospects that could deter foreign investors. ConocoPhillips' recent divestment of its Kazakh assets further strengthens our expectation that IOCs could move away from the country's hydrocarbons market. We expect strengthening ties between Kazakhstan and China, based on the increasing diversity of the latter's energy supply.
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