State, Problems and Risks of the Energy Sector Development in the Central Asian Republics. Part 1: Kazakhstan

In the series of articles, the author analyzes recent domestic and foreign policy trends that significantly affect the current state and prospects for further development of the fuel and energy sectors of Kazakhstan, Uzbekistan and Turkmenistan – the Central Asian states with significant reserves of hydrocarbon raw materials. This article is devoted to the current situation in the fuel and energy sector of the Republic of Kazakhstan.

The unfolding process of aggravation of geopolitical and geo-economic competition on the world stage significantly increases the level of risks, actualizes the previous and generates new problems of economic development of the Central Asian republic. The author assesses the impact of these processes on the prospects of foreign policy and foreign economic development strategies and regional stability. Separately, the author considers and evaluates the main problems existing in the fuel and energy complex of the republic, and indicates promising areas for their possible resolution and mitigation. In the context of global geopolitical turbulence, the region, which faces numerous challenges and threats to economic and socio-political stability, finds itself in a situation of excessive dependence on global players in the global geo-economic field.

Consequently, such a region will have to adjust the previously established models of economic development and foreign policy positioning.

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