Slumping oil prices lead to new area for the BRIC countries

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Kazakhstan’s energy sector needs to adapt to the demands of the new era.

Shale gas, then shale oil, and tight oil meant rapid growth in US oil production


ASTANA – The current situation in the world’s energy represents a transition from the era if the BRICs to the era of shale where the high demand market is replaced with lower price energy market, a leading energy analyst has said.

IHS Vice Chairman Daniel Yergin presented the National Energy Report 2015 discussing in detail the reasons for the current collapse of the oil prices, but also providing concrete recommendations and proposed solutions for the energy industry of Kazakhstan to get thr...


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