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54

Kazakhstan, Russia in Wellington West List

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.