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Invest in kazakhstan us companies look for the next big thing


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Invest in kazakhstan us companies look for the next big thing

  1. 1. OVERVIEW: KAZAKH-U.S. RELATIONS U.S. companies have stood by Kazakhstan through good times and bad. Peter Galuszka looks at the countries’ economic partnership and the role of U.S. investment U.S. oil/gas production and refinery engineers study a 3D map projection of oil reserves for an area near the Caspian Sea
  3. 3. WE HAVE THE ENERGY TO LEAD The RWE Group is one of Europe’s largest energy corporations and we continue to work hard on building still further on that position. Some 20 million electricity customers and 10 million gas customers across Europe already rely on the RWE Group. Our customers and partners benefit from our extensive experience, reliability and expertise in all activities related to energy. We firmly believe that Kazakhstan, Azerbaijan and Turkmenistan, indeed the whole Caspian Region, represent an attractive investment opportunity for RWE. Kazakhstan’s many years of experience in the gas industry make it an excellent prospect for a long-term business partnership and investment. Kazakhstan and its Caspian neighbours have vast energy resources and can make a significant contribution to Europe’s drive for energy security. The region will play a strategically important role, especially in the diversification of Europe’s gas supplies in the years to come. RWE’s expertise, investment capabilities and partnership values in the upstream, midstream and downstream energy business provide the essential ingredients for the development of a beneficial long-term energy partnership with Kazakhstan. One step in this direction is the memorandum of understanding with Kazakhstan’s state assets management holding company, Samruk, for a joint study into the use of coal gasification and synthetic natural gas in Kazakhstan. This example shows that together we can further strengthen the mutual benefits entailed in gas procurement activities. A successful study could provide Kazakhstan with an alternative usage of its vast coal resources and also provide RWE with opportunities for gas procurement in Kazakhstan in the long term.
  4. 4. OVERVIEW: KAZAKH-U.S. RELATIONS CHINESE INVESTMENT SURGES DURING CRISIS China is quietly investing more in Kazakhstan as it seeks energy, metals, cement, and transportation links to feed its hunger for resources at home. “China is growing very fast and is emerging as a very serious investor,” says Ambassador Erlan A. Idrissov. Chinese foreign direct investment from 1993 to 2008 nuclear units under construction. totaled about $3 billion – roughly the Kazatomprom, Kazakhstan’s chief same as Canada, South Korea and uranium producer, has agreed to be Russia. That’s about to change in a big China’s main supplier. Westinghouse, way. The U.S. government reports that with its 10 percent ownership by China agreed to $13 billion in new Kazatomprom, is building four investments in Kazakhstan in 2009. AP1000 reactors in China. The oldest major project – the Working with the Kazakh National Kazakhstan-China oil pipeline – Welfare Fund, China is providing was completed ahead of schedule. technology and equity financing for Commenced in 1997, the 1,384- modernizing the Atyrau Oil Refining mile pipeline links Kazakhstan’s Plant, equity financing for a cast iron major hydrocarbon fields near Atyrau production facility, plus $10 billion across Kazakhstan to the Chinese in export financing by the Export- border. The last phase of the project, Import Bank of China. owned by China National Petroleum And China is helping build the Corporation and KazMunaiGas, Zhetygen-Korgas railroad that will opened ahead of schedule in mid- shorten the route between China and 2009. The pipeline is producing the Middle East, as well as construct 180,000 barrels per day and is the highway dubbed the “21st expected to increase to 400,000. Century Silk Route” that will cut In a related development, China’s transport time from Europe to China sovereign wealth fund, the China from 45 to 11 days. Investment Corporation, bought As Kazakhstan develops, relations 11 percent of KazMunaiGas, worth between Beijing and Astana are $939 million, in September 2009. likely to mature, especially as Keen interest is also evident in China’s energy demands continue to nuclear power. China has 20 new grow dramatically.