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Article: Kazakstan Pushes On With Energy Sector Restructuring.(Brief Article)
- Article from:
- NEFTE Compass
- Article date:
- December 21, 2000
- Author:
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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Spurred into action by the feeling that Kazakstan has shared too large a chunk of its oil riches with the West, President Nursultan Nazarbaev is forging ahead with his campaign to reestablish 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 (NC Oct. 5, p1). Nazarbaev also scrapped the state investment agency -- designed as a "one-stop shop for foreign investors" -- splitting its functions between the new Energy Ministry and the Foreign Ministry.
The Energy Ministry was ...