Kazakhstan's PSA Challenge: Sanctity of Contracts vs. Stabilization
Article from: OGEL 2 (2010), in Kazakhstan
Introduction
With sudden independence in 1991, Kazakhstan, as one of the successor states to the former Soviet Union, found itself the center of attention. Energy companies, the majors as well as unheard of players, from around the world saw the oil and gas riches of Kazakhstan as a lure and rushed in, ready, willing and able to invest staggering amounts in order to tap these resources and export and market them to western markets - and, of course, make a profit for themselves. However, the institutions of this new nation were not ready to professionally engage such companies for the obvious ...