Energy Relations between China and the Caspian Littoral States
Over the past few years China has been ranked at the top of the world’s top energy consumers. China’s total energy consumption increased from 1,470 million tons of coal equivalent (Mtce) in 2000 to 4,260 Mtce in 2014. Coal that accounted for about 66% of total energy consumption by the […]
Current Energy Relations between Turkmenistan and Russia: Trends and Prospects
Turkmenistan is one of the most important energy-rich countries not only in Central Asia but also in the whole world regarding its oil and natural gas reserves. According to the BP World Energy Statistics Report 2014, while the amount of proven natural gas reserves in the world is 187 trillion cubic meters, Turkmenistan is the fourth country in the […]
PROSPECTS FOR NUCLEAR POWER DEVELOPMENT IN KAZAKHSTAN
For a number of years Kazakhstan has seriously been considering a construction of a nuclear power plan (NPP) on its territory. It was not an unexpected development for a country that hosted the BN-350 fast reactor in Aktau (formerly Shevchenko) in western Kazakhstan during the Soviet times. The reactor that […]
The Current Situation of the Foreign Direct Investments in the Economy of Uzbekistan
The foreign direct investments (FDI) have become a key source of growth in many transitional economies. Therefore, attracting the FDI into the national economy has become one of the objectives of the investment policy of Uzbekistan. Legal framework and regulation of attracting foreign investments in the Republic of Uzbekistan is […]
Shifting to Inflation Targeting Strategy in Kazakhstan’s Economy
Theoretically, inflation targeting (IT) is a monetary policy strategy which is characterized by public announcement of official quantitative targets for the inflation rate over one or more time horizons and by explicit acknowledgement that low and stable inflation is the primary long-run goal of monetary policy. All IT strategies implemented […]
The Geo-economic Importance of the Khorgos Gateway: Current Developments
China is one of the major trade partners of Kazakhstan, actually, it’s the second trade partner after Russia. In order to strengthen the economic relations and to increase the effectiveness of cargo transportation from China to Europe through Kazakhstan, both sides initiated the Khorgos project. The Khorgos International Centre of […]
Gas Sector Development Policy Priorities of the Republic of Uzbekistan
Natural gas is the priority area in the development of the energy sector in Uzbekistan. Uzbekistan is the major gas producing country and it has the largest gas processing capacity in the region. Uzbekistan has been and remains a key supplier of gas within Central Asia and is highly interested […]
Evaluation of the Parliamentary Elections in Azerbaijan, November 1, 2015
During the 5th parliamentary elections held on November 1, 2015, Azerbaijan determined the deputies for the National Assembly. According to the preliminary results of the Central Election Committee of Azerbaijan, the voter turnout was 55.7% (2.89 million) and the New Azerbaijan Party won the elections with 74% of total votes. […]
Recent Developments in the External Debt of the Economy of Kazakhstan
In recent years, the economy of Kazakhstan was affected by two major external factors, such as changes in the trade regime associated with the accession to the Eurasian Economic Union (EAEU) and decrease in oil prices. These factors have influenced many aspects of the economy of Kazakhstan. While evaluating the […]
Oil Sector of Kazakhstan: Construction of the Fourth Oil Refinery
Presently, Kazakhstan exploits three oil refineries that were constructed during the USSR period: in the Pavlodar, Atyrau and South Kazakhstan regions. The first operating oil refinery plant was constructed in Atyrau in 1945, at the end of the World War II. The plant processed more than 4,920,005 tons of oil […]