Abstract

The article describes the development and use of policy instruments and tools for energy cooperation promotion between Kazakhstan and the United States. The role of energy diplomacy in foreign policy strategy of the Republic of Kazakhstan is due to the progressive growth of the relationship between the economic interests of Kazakhstan and the US. The main objectives of the energy policy of the Republic of Kazakhstan are: the internal energy market formation, energy supplies on a competitive basis and energy security provision, as well as the improvement of the environmental sustainability of the energy. Modern American transnational enterprises have at their disposal significant financial resources, technological and managerial capacity. They are able to develop oil and gas fields effectively in the Republic of Kazakhstan with the least financial costs and minimal environmental damage. DOI: 10.5901/mjss.2015.v6n5s2p336

Highlights

  • : 1. First, the US is a world superpower, exerting a significant impact on the development of global political and economical processes; 2

  • An integral part of the US foreign policy is economic assistance to the newly independent states on a bilateral basis, the attraction of the developed western countries and international financial institutions for providing such assistance and encouraging the US private sector to invest in the economy of these countries

  • Taking an active part in the development of Kazakhstan's energy resources, the US oil companies noted a lack of capacity of existing export pipelines

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Summary

Introduction

: 1. First, the US is a world superpower, exerting a significant impact on the development of global political and economical processes; 2. According to the experts of Kazakhstan Investments Agency, the volume of direct investments of US companies in the oil and gas sector of the country at the beginning of 1999 amounted to more than 1.9 billion US dollars or 70% of all foreign investments in Kazakhstan's oil and gas projects.

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Conclusion

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