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The CIS—four countries, $50 billion in downstream investments

08.01.2014  |  Nichols, L.,  Hydrocarbon Processing

Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan are laying the foundation to attract foreign investment to develop their vast hydrocarbon reserves, as well as to develop their downstream processing infrastructure to meet rising demand and export opportunities.

Keywords: [Europe] [construction] [natural gas] [refining] [petrochemicals]

The Commonwealth of Independent States (CIS) contains a vast amount of hydrocarbon reserves. The main players in the region, excluding the Russian Federation, are Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan. These four countries alone account for almost 980 trillion cubic feet (Tcf) of natural gas and over 38 billion barrels (Bbbl) of proven oil reserves, with the majority of the oil volume located in Kazakhstan.

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