THE ROLE OF THE OIL AND GAS SECTOR IN THE FOREIGN POLICY OF KAZAKHSTAN: PROBLEMS AND PROSPECTS

Authors

  • Tumanshiyev D.A. Al-Farabi Kazakh National University
  • Issova L.T. Al-Farabi Kazakh National University

DOI:

https://doi.org/10.48371/ISMO.2024.56.2.007

Keywords:

oil and gas industry, global economy, international relations, diplomacy, foreign policy, global energy, resource policy, international investment

Abstract

 

Abstract. The article is devoted to one of the current topics of the world and national economy - the policy of development of the oil and gas sector. Oil and gas production is the most important tool in the energy aspect of the foreign and domestic policies of many countries, including the Republic of Kazakhstan. This article focuses on the significance, significance and role of the oil and gas industry in the energy aspect of the foreign policy of the Republic of Kazakhstan. The largest fields, the international investment fund for these fields, as well as the policies of TNCs and important oil and gas areas that have a significant impact on the oil policy of our republic are reviewed and analyzed. In addition, it focuses on the main problems in the context of Kazakhstan's dependence on energy resources. Particular attention is paid to issues of economic diversification, investment partnerships in the energy sector, and the search for new markets for oil and gas products. The role of energy resources in the economy and international relations of Kazakhstan is analyzed, and their influence on strategic decisions in the field of diplomacy and trade is revealed. Issues of energy security, transit and economic diversification are highlighted as the main aspects determining the country's foreign policy. The article examines the main aspects of diplomatic relations related to the production, transportation and export of oil and gas resources. The study highlights the need to develop and implement sustainable and innovative approaches to managing the oil and gas sector to ensure national interests, strengthen the country's security and promote its integration into the global community. The various economic and political challenges that Kazakhstan faces in a state of energy dependence are noted. Finally, the article presents prospects for diversifying the economy and strengthening international relations of Kazakhstan, taking into account changing global energy dynamics.

 

Published

2024-06-30

How to Cite

Туманшиев Д.А., & Исова Л.Т. (2024). THE ROLE OF THE OIL AND GAS SECTOR IN THE FOREIGN POLICY OF KAZAKHSTAN: PROBLEMS AND PROSPECTS. BULLETIN of Ablai Khan KazUIRandWL Series “International Relations and Regional Studies”, 56(2). https://doi.org/10.48371/ISMO.2024.56.2.007

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