
ASTANA, Kazakhstan — Kazakhstan, with its vast reserves of hydrocarbons, is on a path to become a petro-power on a global scale. That, at least, is the plan of the Kazakh government, oil companies with access to the rich oil fields of Kazakhstan, and those seeking alternatives to OPEC oil. However, as oil production in the landlocked country increases in the years ahead, Kazakhstan could find itself without viable export routes to bring its hydrocarbon wealth to market. In 2007, Kazakhstan produced approximately 1.45 million barrels of oil per day (bpd), of which it exported around 1.2 million bpd. Kazakhstan’s […]