Abstract
Since gained its independence in 1991, energy management has become the most important factor in the development of Kazakhstan’s economic and foreign policy. This is due to the presence of widespread deposits of natural energy resources in the bowels of Kazakhstan. This forms the energy security and essential basis for the economic independence of the Republic of Kazakhstan. The study, first of all, looks at Kazakhstan’s foreign policy and the links between foreign policy and energy sources. In particular, attention is paid to the role of oil in shaping Kazakhstan’s foreign policy as an active participant in the highly competitive energy resources market. The energy potential of Kazakhstan, the entry of Kazakh oil into the world market and the obstacles created by Russia for Kazakhstan in this process are investigated next. Other problems in the region are analyzed, including border issues with neighboring countries, as well as the impact of energy demand in China on Kazakhstan’s foreign policy. In this regard, the main focus of the study is the analysis of Kazakhstan’s energy resources rich in oil reserves, and the analysis of the multilateral energy policy of the Astana Government since independence and has been gained since.
Highlights
Kazakhstan is among the top ten countries in the world with an area of 2.724,900 square meters
Forces like Russia, China, the United States of America and the European Union, intending to take advantage of the region’s energy resources, have been pursuing policies aimed at developing economic relations with Central Asian states since the collapse of the Soviet Union
The energy sources of Central Asia and the safety of these sources are of great importance to the European Union, which has more than 70% external dependence related to energy resources, and dependence increases on a daily basis
Summary
Kazakhstan is among the top ten countries in the world with an area of 2.724,900 square meters. Kazakhstan has the largest proven oil reserves in the Caspian Sea region, the 2nd largest endowment in Eurasia after Russia, and the 12 largest in the world. Declaring its independence in 1991, Kazakhstan has entered a new era in the production and export of energy resources. Forces like Russia, China, the United States of America and the European Union, intending to take advantage of the region’s energy resources, have been pursuing policies aimed at developing economic relations with Central Asian states since the collapse of the Soviet Union. China, the United States of America and the European Union have paid more attention to Kazakhstan that possesses vast territory and oil reserves in Central Asia, despite being a new player on the international stage. It has strived to integrate rapidly with the world economy by extracting hydrocarbons, diversifying pipelines in the region through various export routes, and increasing electricity production
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