Export Constraints Curb Kazakhstan’s Ability to Offset the Global Oil Shortage

Kazakhstan, which has major oil reserves, is not in a position to help offset a looming energy crisis by expanding production, industry analysts say.  With the Strait of Hormuz blocked, Russia sanctioned and Saudi Arabia’s East-West pipeline knocked out of action by Iranian drones, experts are predicting a spike in energy prices. The Saudi pipeline alone was responsible for supplying up to 4 percent, or 4 million tons per day, of global oil needs, mostly to Asian markets.  Kazakhstan cannot be counted on to make up for some of the…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com