Thursday, September 01, 2005

Kazakhstan - the energy balance

Kazakhstan's rulers are looking for a counter-weight against US power and influence in the region - China is looking for more oil. Sounds like a deal has been struck. With the purchase of a large stake in the countries oil fields by a state-owned Chinese firm, outbidding the Indian competition, an arrangement seems to have been succesfully reached more from EurasiaNet... However, it's only one deal and not nearly enough to meet China's current rate of demand growth - some estimate it would need to sign one such deal every 4 months just to keep pace more from the Asia Times...

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