Kazakhstan Oil & Gas Report Q2 2013 - New Market Research Report
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. KazMunaiGaz's acquisition of a 10% stake in Karachaganak will greatly improve the upstream environment, particularly for the international oil companies (IOCs) involved in the project, but other examples of growing state control over the sector are indicative of a worrying trend. Recent divestment by ConocoPhillips of its Kazakh assets further strengthens our expectation...
View full press release