Former Soviet republic of Kazakhstan, the oil-rich Central Asian region
Former Soviet republic of Kazakhstan, the oil-rich Central Asian region, topped Wellington West’s list.
Last week Kazakhstan’s government suspended work on the Kashagan oilfield due to disputes with a consortium of foreign oil companies, such as Italy’s Eni and US Exxonmobil.
Kazakhstan’s national oil and gas company, KazMunaiGaz, wants to double its stake in the project to 16.8%.
Russia’s deal with Kazakhstan and Turkmenistan to build the Central Asian gas pipeline and progression on the Russia-China oil pipeline also made the list. So too did state-run Rosneft’s purchase of most of bankrupt Yukos’ assets for roughly US$21-billion via auction.