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Oil and Gas in Central Asia and Northwest China
CWC Publishing, Oct 2001
This report examines the current and predicted future status of the hydrocarbon industries of Kazakhstan, Kyrgyztan, Tajikistan, Turkmenistan, Uzbekistan, and Xinjiang, China, and assesses opportunities for regionwide cooperation in development, transportation, and trade. Investment and trade of oil and gas is being sought by government officials in the region as a means of boosting local economies. While Western oil and gas companies are eager to participate in the tremendous investment opportunities in Central Asia, a combination of economic, political, cultural, and historical factors currently are hindering some prospects for significant joint venture development. Turkey, Iran, and China are seeking allies in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and Xinjiang. However, Russia is exerting a diminishing political influence on most discussions concerning new pipeline development from Kazakhstan and Turkmenistan. Importantly, those who control the oil and gas routes out of Central Asia should be able to influence all future flows (directions and quantities) as well as the distribution of revenues from production. Most private foreign-investor interest in Central Asia to date has focused on providing technology and expertise for the development of the region's potentially huge oil and gas fields. Several multi-billion dollar deals have already been made in Kazakhstan and Turkmenistan. The biggest concerns to companies and international lending agencies considering investing in Central Asia and Xinjiang are unstable tax, currency, investment, and environmental policies that may jeopardise these investments, as well as the inadequate infrastructure in the region. Clearly though, while concerns among investors persist, overcoming infrastructure constraints and improving investment policies are important priorities for the governments of the Central Asian countries and Xinjiang, China, and will be a focus of activity in the months and years ahead. Oil and Gas in Central Asia and Northwest China surveys both the entire oil and gas potential in the region and the problems facing the industry in terms of investment, regional conflicts and politics of pipelines. This report is a definitive study of this giant industry. It examines the entire sector, upstream and downstream, and points to the best opportunities for investment, identifying the risks of involvement and suggesting appropriate solutions. Oil and Gas in Central Asia and Northwest China maps the existing network throughout the region and pinpoints the need for investment to enhance export capacity. The report also studies in detail the dilemma of the Central Asian republics which are presently dependent on Russia for export outlets but are pressing to develop independent options. Packed with data and detailed analysis, Oil and Gas in Central Asia and Northwest China: offers an expert's insight into the main issues now facing Central Asia and Northwest China's oil and gas industry contains an original analysis of potential areas for energy cooperation between the region and oil-rich northwest China describes key investment projects being promoted by governments in the region looks at Russia's continuing economic and political influence in the region contains a comprehensive analysis of planned and proposed pipeline projects in the region including estimated costs of development and related political concerns examines the importance of Central Asia's oil and gas development on the international markets. Audience: The report is essential reading for those who need an analysis and thorough understanding of the following: integrated and independent oil and gas companies oil and gas exploration and production companies pipeline engineering companies international lending agencies investment banks law firms
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