Financial Times FT.com

Caspian oil: Tightening rules of the game

By Isabel Gorst

Published: December 15 2004 07:48 | Last updated: December 15 2004 07:48

Kazakhstan is one of the few places in the world open for business to international oil producers seeking to replenish their reserves. For governments increasingly concerned about the security of energy supplies, the republic offers a plentiful source of oil outside the Middle East.

Thanks to high oil prices and keen foreign investment, Kazakhstan’s oil industry is thriving and soaring output is powering an economic boom.

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