According to Halyk Finance, the idea of transferring Western companies’ stakes in Tengiz, Karachaganak and Kashagan to Russia in exchange for frozen Russian assets is doubtful.
«The investment climate in the sphere of oil exploration and production in Kazakhstan isn’t that attractive due to problems with actual costs, difficulties in the domestic oil market, and requirements to investors. The idea of transferring shares in oil megaprojects in Kazakhstan to Russia, which is a target for Western sanctions, is doubtful. Don’t forget that Kazakhstan is trying to lower its dependence on Russia by pursuing alternative routes for...