The next frontier: Kazakhstan is a magnet for energy firms

Article Abstract:

Western oil companies are scrambling to invest in the exploration and tapping of the large and rich oil and gas resources of the Soviet republic of Kazakshtan. A $5 billion investmentdeal to explore the oil and gas fields in western Kazakshtan has already been signed by British Gas and Agip, Italy's government-run oil company. Elf Aquitaine of France will tap the oil in central Kazakshtan and Chevron will invest $1.5 billion for the first three years alone of developing the oil fields of Tenghiz at the Caspian Sea. These oil exploration operations is expected to make Kazakshtan the newest economic dragon in Asia.

Investments, Kazakhstan, Natural resources, Natural gas exploration, Oil and gas exploration, Petroleum exploration

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Beijing gusher

Article Abstract:

China has begun purchasing oil fields worldwide and transporting the crude oil back to China, rather than simply purchasing oil on the world market. China National Petroleum Corp has pledged more than $8 billion for oil concessions in countries including Iraq and Sudan since mid-1997, and has also invested $12.5 billion in laying four oil and gas pipelines from Russia and Central Asia. This investment is being driven by the realization that China will not be able to meet its own energy requirements in the future.

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Energy Policy NEC, China, Energy policy

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Innocent abroad

Article Abstract:

China National Petroleum Corp (CNPC) has been very active in seeking oil and gas deals abroad since it underwent extensive reorganization in late 1996. It faces many challenges as it seeks to establish itself internationally, mainly because of its lack of international experience. It has only a very small number of employees able to work abroad, and will have to undertake further reforms, including making its subsidiary oilfields into shareholding companies.

China National Petroleum Corp.

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