Rich in oil and gas reserves, the land-locked Central Asian nation of Kazakhstan has always looked for opportunities to enter the global markets. For a country whose budget largely depends on the profits from oil sales, it is vital for the government of Kazakhstan to ship as much oil abroad to boost the economy.
The main route for the transportation of Kazakh oil was and still remains the Caspian Pipeline Consortium (CPC). For many years, however, due to its low throughput, Kazakh oil compani...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|