BMI View: We maintain our optimistic on Kazakhstan, although we continue to underline risks related to resource nationalism and geological complications on major prospects that could deter foreign investors. Kazakhstan’s choice to block the sale of ConocoPhillips’ Kashagan stake in order to allocate it to CNPC illustrates the uncertainty of the business environment that surround the country. The main trends and developments we highlight for Kazakhstan’s oil & gas sector are: ? Kazahstan has been strengthening its trading ties with China. Kairgeldy Kabyldin, head of KazTransOil, seems to have made a clear choice, as he declared in early March plans …
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