BMI View: Our outlook for Kazakhstan remains broadly optimistic, although we underline growing risks related to resource nationalism and geological complications on major prospects that could deter foreign investors. ConocoPhillips’ recent divestment of its Kazakh assets further strengthens our expectation that IOCs could move away from the country’s hydrocarbons market. We expect strengthening ties between Kazakhstan and China, based on the increasing diversity of the latter’s energy supply. The main trends and developments we highlight for Kazakhstan’s oil and gas sector are: ? Kazahstan has been strengthening its trading ties with China. Kairgeldy Kabyldin, head of KazTransOil, seems to have …
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