After violent unrest in Kazakhstan, the Tokayev government urged foreign investors, including Western firms, to continue to stay in the oil and gas-rich country
The Kazakh unrest has sent a wave of concern across several capitals from Russia and China, Kazakhstan's two neighbors and allies, to Western states, whose companies have invested heavily in fossil fuels-rich country’s energy sector.
Chevron runs Kazakhstan’s biggest oilfield, Tengiz, which means sea in the Turkic language, alongside other partners including ExxonMobil. The oilfield is located near the Caspian Sea in Western Kazakhstan, where the recent protests originated. The US accounts for Kazakhstan’s second biggest investor after the Netherlands, leaving countries like Russia and China behind in terms of direct investment. During the protests, bothto the Tokayev government while Western countries like the US remained cautious.
Some 600 American companies operate across Kazakhstan, a country, which has rich oil, gas and uranium reserves. “Energy companies, where most Western investments are concentrated, are the biggest contributors to the republican budget. Their continuous operation is thus very important for economic stability,” Ikboljon tellsBeyond oil and gas, Kazakhstan is also the world’s biggest uranium producer, holding 40 percent of the world’s total production.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Huge U.S. Investments at Risk in Kazakhstan UnrestVast natural riches and relative political stability have made the country a ripe target for American investment. The current wave of protests has left many U.S. companies assessing their risks.
Lire la suite »
Russia-led bloc starts pulling troops out of KazakhstanA Russia-led military bloc began to pull its troops out of Kazakhstan on Thursday after a week-long deployment which helped the Central Asian nation overcome the worst bout of violent unrest in its post-Soviet history.
Lire la suite »
California Presents Plan to Prevent Extreme Heat DeathsExtreme heat threatens to effect all of California in coming years, prompting state officials to outline life-saving measures in an adaptation report released this week.
Lire la suite »
Former CFTC chair joins board of crypto investment firmCrypto investment firm CoinFund has onboarded a former leader in U.S. regulation to its advisory board.
Lire la suite »
Pimco Partners With BMG to Acquire Music RightsThe investment manager has $2.2 trillion under management.
Lire la suite »