Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Land-locked Central Asian Oil Country Plays Important Role from Vancouver to Vladivostock

Commodities / Crude Oil Jan 21, 2010 - 12:57 PM GMT

By: OilPrice_Com

Commodities Best Financial Markets Analysis Article2010 is starting with a decision that faced heated debates: Kazakhstan will hold the chairmanship of the Organization for Security and Co-operation in Europe (OSCE) for one year, despite what many considered as a questionable political and democratic track record. With 56 participating States from Europe, Central Asia and North America, the OSCE is the largest regional security organization in the world.


The Organization deals with three dimensions of security - the politico-military, the economic and environmental, and the human dimension. Thus, the OSCE can play an important role for early warning, conflict prevention, crisis management and post-conflict rehabilitation though its decisions are politically, but not legally binding.

The reasoning behind choosing Kazakhstan in such a context was first that the OSCE chairmanship could serve as a strong incentive for Kazakhstan to make good on its promises of reforms, notably in support of democratic principles. Second, by choosing for the first time a country from the Former Soviet Union space that has maintained reasonably good relations with all the former Republics, the hope is that Kazakhstan could have some leverage when dealing with crisis management such as in the Caucasus.

Third, Kazakhstan is also a moderate Muslim country that has been a strong advocate of multi-confessional and interethnic dialogues: at a time of growing tension with the Muslim world, Kazakhstan’s conciliatory approach could foster a better dialogue with OSCE countries and beyond. Fourth, being blessed with large oil & gas resources and thus familiar with Russia’s control over energy export routes. Kazakhstan could play an important role as a mediator to tackle energy security issues involving the Russian Federation and European countries. Fifth, it is in a better position to understand the issues involving countries of the former Soviet space in light of their past shared history, and would be a country without direct stakes when dealing with some issues involving European countries.

Taking its role seriously

Kazakhstan is well aware that by being granted the chairmanship it will be subject to intense scrutiny and that achieving some results would be a grand coup. It is therefore not surprising to see the function of the Chairperson-in-Office (CiO) befall upon the experienced Kazakhstani Minister of Foreign Affairs, Kanat Bekmurzayevich Saudabayev, who timely replaced the prior Minister of Foreign Affairs in September 2009. After an extensive diplomatic career that took him as an ambassador to Turkey, the United Kingdom and more recently to the United States from 2000 until 2007, Saudabayev was appointed Secretary of State of the Republic of Kazakhstan, a critical position within the government that he will continue exercising.

Mr. Saudabayev belongs to the inner circle of President Nursultan Nazarbayev and his nomination as Foreign Minister sends a strong signal to the importance given to the OSCE chairmanship. Saudabayev took an active part in preparing his country for that important mission and declared: “our priorities will include strengthening the European security architecture, developing transit and transport potential, stabilizing OSCE regional partner, Afghanistan, and promoting tolerance and peaceful coexistence in diverse societies, a very timely subject for Europe.”

Advocating Regional Cooperation

Regional cooperation means predictability and stability that are conducive to much needed foreign investment, notably in the Greater Central Asia region. Because of its geographical location, Kazakhstan can play a central role in tackling regional issues that have become global issues. They include: water management and the fight against environmental disasters such as and the disappearance of the Aral Sea; the stabilization of Afghanistan; the fight against drug trafficking and transnational crime; transportation issues that range from easing oil & gas transit to the addressing debilitating delays in the transit of persons and goods at border crossing due to cumbersome customs procedures, etc.

Kazakhstan also benefit from its unique understanding of what it means to be a landlocked oil country and a zone of interest to many countries. Kazakhstan is heavily dependent on regional and international cooperation to get its oil & gas out the ground and delivered to end-users. Over time, Kazakhstan has learned to maintain a privileged and cordial working relationship with Russia while at the same time reaching out westward towards Europe and the United States. President Nursultan Nazarbayev has set some ambitious long-term development goals such as in “Kazakhstan 2030” and as most of them are funded through revenues streaming from the export of natural resources, diversification of export routes and markets are critical. The OSCE and Europe’s vision of energy security through supply security, notably through the diversification of export routes, which could lead to bypass Russia, is one shared by Kazakhstan.

What imprint can Kazakhstan have during its chairmanship?

Kazakhstan takes pride in its multi-vector foreign policy and its balanced relationship between its two powerful neighbors, Russia and China, while at the same time fostering greater economic and security collaboration with the United States and Europe. Kazakhstan could to a certain extent bring to the OSCE it expertise in balancing relationships with powerful partners without sacrificing its own interests. For instance Kazakhstan could deal with territorial integrity issues involving Nagorno-Karabakh, Abkhazia, South Ossetia, Transnistria and bring Russia, Georgia, Azerbaijan, Armenia and Moldova to the negotiating table.

Kazakhstan could also play an important uniting role by coordinating and avoiding the duplication of efforts of the organizations it belongs to such as the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO), and the Shanghai Cooperation Organization (SCO) with larger organizations such as the Asian Development Bank (ADB), the World Bank, or regional programs such as the Central Asia or the Regional Economic Cooperation (CAREC) program which focuses on energy, transportation and trade issues. For instance, such coordination could apply to all the international reconstruction efforts conducted in Afghanistan, a country which Saudabayev considers a top priority: "without the stabilization of Afghanistan it's impossible to talk about stability in our region, but more generally about stability and security well beyond our region, so Afghanistan should be the main focus of international efforts."

Though Kazakhstan may not yet lead by example on the domestic political front, it has taken bullish and laudable initiatives that give it some authoritative edge on important issues such as disarmament and foreign assistance. For instance, Kazakhstan renounced to its nuclear arsenal, curtailing the risk of nuclear equipment and technology falling into the wrong hands. Kazakhstan has also provided financial support to its impoverished neighbors such as Kyrgyzstan and Tajikistan. In November 2009, Kazakhstan committed $50 million to enable 1,000 young Afghans to come study in Kazakhstan.

Saudabayev declared on January 1, 2010 that "As OSCE Chair, Kazakhstan will seek to bring closer the positions of participating States both west and east of Vienna, based on the principles of impartiality and balance, and to advance the Organization's role in strengthening security and deepening co-operation in the area from Vancouver to Vladivostok."

Its candidacy having been strongly supported by Russia, Kazakhstan will play a valuable go-between role, notably on energy and territorial disputes involving Russia, as it would get more easily Moscow’s ear. Ultimately, Kazakhstan will most probably be able to foster greater overall dialogue but achieving concrete results in just one year with many dissenting countries remains beyond its control and will depend on the willingness of other countries to play along.

Originally published at: http://www.oilprice.com/article-landlocked-central-asian-oil-country-plays-important-role-from-vancouver-to-vladivostock.html

This article was written by Philip H. de Leon for OilPrice.com who have recently launched a Free Market Intelligence Report which focuses on unique Geopolitical and Investment News which enables readers to spot trends and events in the marketplace and reduce investment risk. To find out more visit: http://www.oilprice.com/Market-Intelligence-Report.php

© 2010 Copyright OilPrice.com- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules