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Article: Western Oil Companies on Tenterhooks as Kazakstan Pushes Energy Sector Restructuring.(Brief Article)
- Article from:
- The Oil Daily
- Article date:
- December 22, 2000
CopyrightCOPYRIGHT 2000 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Western Oil Companies on Tenterhooks as Kazakstan Pushes Energy Sector Restructuring
Foreign oil companies are scrambling to safeguard their assets in Kazakstan as President Nursultan Nazarbaev - spurred into action by the feeling his country has shared too large a chunk of its oil riches with the West - is forging ahead with his campaign to re-establish the government's grip over the oil business.
Last week, the president launched a long-awaited restructuring of the industry by creating the Ministry of Energy and Mineral Resources out of the Ministry of Energy, Industry, and Trade.
Nazarbaev also scrapped the state investment agency - ...