Kazakhstan

Written By marshallchrisbridges Thursday, January 6, 2022 Add Comment Edit

Kazakhstan is home to large oil gas and metal deposits and is the largest economy in former Soviet Central Asia. In 2000 oil was discovered in Kazakhstans portion of the Caspian Sea.

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That money has transformed the capital Nur-Sultan on the windswept northern steppe into a 21st-century showpiece with a profusion of bold futuristic architecture.

. The worlds ninth-biggest country is the most economically advanced of the stans thanks to its abundant reserves of oil and most other valuable minerals. Kazakhstans total oil production in 2017 climbed 105. Kazakhstan is landlocked and depends on Russia to export its oil to Europe.

Helped by a reputation for political stability under its former long-serving leader Nursultan Nazarbayev Kazakhstan has attracted hundreds of billions of dollars of foreign investment but much of the economy is believed to be controlled by the Nazarbayev family. In 2010 Kazakhstan joined Russia and Belarus to establish a Customs Union in an effort to boost foreign investment and improve trade. It is believed to be the largest oil find in 30 years.

It was a constituent republic of the Soviet Union and became independent in 1991. 23 hours agoKazakhstan is a close strategic ally of Russia which is very sensitive to any unrest in the former Soviet Republics which Moscow considers its backyard. It also has vast mineral resources and is officially a democratic secular unitary constitutional republic with a diverse cultural heritage.

Kazakhstan is the most dominant nation of Central Asia economically and politically generating 60 of the regions GDP primarily through its oil and gas industry. It also exports oil directly to China. It is bounded on the north by Russia on the east by China on the south by Kyrgyzstan Uzbekistan the Aral Sea and Turkmenistan and on the southwest by the Caspian Sea.

Kazakhstan largest country in Central Asia. As seen on the physical map of Kazakhstan above the country extends from the Caspian Sea in the west to the Altay Mountains in the east. Kazakhstan has the potential for becoming one of central Asias richest countries because of its huge mineral and oil resources and its liberalized economy which encourages Western investment.

3 hours agoKazakhstan is experiencing the worst street protests the vast Central Asian country has seen since gaining independence three decades ago in 1991 Pavel MikheyevReuters Dozens of people have. Kazakhstan is a country that stretches from Central Asia to Eastern Europe and occupies an area of 2724900 sq. 6 hours agoKazakhstan the ninth-largest country in the world borders Russia to the north and China to the east and has extensive oil reserves that make it.

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