July 11, 2020

Renewable Energy as a Potential Driver of Kazakhstan’s Growth*

Kazakhstan has implemented important reforms and achieved major breakthroughs in its political and socioeconomic development, and the nation’s energy and mineral resources have played a crucial role in this transformation. At the same time, however, Kazakhstan has not largely succeeded in developing its non-resource-based industrial and tradable sectors, which results […]
November 13, 2019

Future World Energy Outlook and Global Oil Industry

September 2019 was marked by a an important milestone in the global oil industry when oil and gas stocks’ weighting in the S&P 500 fell to the record low in 40 years since 1979. Exxon Mobil, one of the major oil companies, fell out of the top ten stocks of […]
October 17, 2019

Natural Gas Industry of Kazakhstan: Key Features and Future Prospects

Among the members of the Commonwealth of Independent States (CIS), Kazakhstan has the 2rd largest liquid hydrocarbon fields after Russia. (ROGTEC, 2015) According to the Ministry of Energy of Kazakhstan, the recoverable natural gas reserves in the country are estimated at 4.03 cubic meters[1]. Therefore, on natural gas reserves, Kazakhstan ranks […]
July 18, 2019

Eurasia Outlook 2018: Economic, Social and Political Perspectives in Eurasia

Since 2015, the Eurasian Research Institute (ERI) has been issuing weekly e-bulletins that contain analytical articles on a wide range of topics related to political, economic and social developments in the Eurasian space, as well as the news block that covers recent activities in the region. As demonstrated by the […]
January 15, 2019

Petrolization, Financialization as Sources of Wage Differentials in Kazakhstan

According to the Ministry of National Economy of the Republic of Kazakhstan, the average monthly nominal salary in the fourth quarter of 2018 in Kazakhstan totaled 176,050 tenge ($465.7). The statistics revealed that the highest salaries were registered in the extractive sector where the average monthly salary is 390,400 tenge […]
December 28, 2018

EFE-2018 Book of Proceedings

Intellectual capital is seen as a vital strategic asset in the 21st century that contributes to firm performance and value creation. In the new “knowledge-based” economy, which began to develop in the 1990s, intellectual capital rather than physical capital has emerged as a significant factor in terms of potential future […]
December 19, 2018

Russian Oil Industry on the Verge of Decline

According to the Society of Petroleum Engineers, Russia owns the eight largest oil fields in the world possessing around 5% of the global proven reserves of oil and gas condensate (80 billion barrels). Currently, Russia accounts for 14% of the global oil production with 11 million barrels per day, which […]
December 4, 2018

Iran-Pakistan-India Gas Pipeline: Implementation Issues

The Iran-Pakistan-India (IPI) gas pipeline project was first initiated by Iran in mid-1990s in order to transport the Iranian gas through Pakistan to India. However, the idea itself was first proposed in the late 1950s in a scientific article published by the Military College of Engineering, Pakistan. The idea came […]
November 17, 2018

Rogun Hydropower Plant in Action: The First Unit is Commissioned

With Tajik President Rahmon’s words “Rogun will be the pride of every citizen of our country now and in the future, it will be the source of patriotism and dedication, as well as warm feelings and honor of the Tajik nation!”, the solemn ceremony of launching the first power generation […]
September 19, 2018

Energy Security Policies of the Central Asian Countries: Hydrocarbons and Electric Power Sectors

The Central Asian countries’ energy sectors were built during the Soviet period and designed without concern for what are today national borders. The resource sharing mechanism ensured the security of the Central Asian Energy System (CAES)—reliable and stable energy supplies to meet the needs of both the people and the […]