Kazakhstan is key to the Middle Corridor
The race to go around Russia is on and the New Silk Road has a Central Asian energy flavour
The Middle Corridor, a major new trade route from China running through Central Asia to Europe that bypasses Russia and its Northern Corridor, has been on the drawing board for decades. Now, the war in Ukraine may have finally created the incentives needed to make it happen. Energy is at the centre of the route, and Kazakhstan—a big, potential beneficiary looking to diversify its oil export routes—is moving full speed ahead to take advantage. “With Russia weakening its grip on the region, it is quite timely that [regional leaders] started discussing this again, and I think this is quite a realistic project, because if Kazakhstan builds a trans-Caspian oil pipeline, they will minimise the ris
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised