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