One of the most important events in the energy industry this month was the beginning of oil production at Kazakhstan's Kashagan deposit. Kashagan is the biggest deposit discovered in the Caspian region in the last 40 years.
The head of the Alternative Research Centre, Andrey Chebotaryov, stresses that the Kashagan project was believed to be the country's major initiative, but the amount of time spent on its development was so great that it's hard to evaluate its profitability now.
The situation has already changed. China has joined the project, while some Western investors have left it, he says.
The head of the Centre for World Energy Markets Analysis, Vyacheslav Kulagin, says that within the next several decades Kazakhstan will become one of the largest oil and gas producers in the region.
"This means that the country's position on the energy market as an oil and gas producer has strengthened," he says.
Experts discuss Kazakhstan's Kashagan oil and gas deposit
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