Kazakhstan’s petrochemical El Dorado [Gas in Transition]
Kazakhstan’s petrochemical El Dorado [Gas in Transition]
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Natural Gas News
Kazakhstan’s petrochemical El Dorado [Gas in Transition]
Summary
Upstream reserves have been extensively exploited, but the country’s downstream potential has yet to be unleashed. [Gas in Transition, Volume 3, Issue 6] by: Paolo Sorbello
Known for its large oil and gas reserves, Kazakhstan has become increasingly present in the news since the start of Russia’s war in Ukraine for its role as a trusted supplier of raw materials given the West’s isolation of Russia. Beyond crude oil and natural gas, however, Kazakhstan has attracted interest in the downstream sector. Oil and gas production has continued to grow, but most of the country’s upstream projects have already attracted billions of investment and the interest from foreign companies seems to have reached a plateau. At an industry conference organised by Argus Media in Almaty earlier in June, one analyst who asked to remain anonymous said that Kazakhstan’s future is i...
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