Beyond Oil and Gas: Kazakhstan Bets its Future on Reform
With escalation on and near Russian soil, Western Europe is searching for an alternative gas and oil supplier; Kazakhstan may be the likely candidate. Kazakhstan is in the midst of modernizing, and is enthusiastically looking for opportunities to participate in the global economy. The country is among the top 15 in the world when it comes to essential oil reserves and has expressed willingness to develop these reserves. Kazakhstan also partnered with China in the creation of large energy cooperation projects which are part of the New Silk Road.