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International Trade: Kazakhstan Unlikely to Be Major Source of Oil for the United States

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Report Type Reports and Testimonies
Report Date March 4, 1994
Report No. GGD-94-74
Subject
Summary:

Covering a territory of more than 1 million square miles, or about one-third of the continental United States, Kazakhstan, part of the former Soviet Union, is rich in oil, gas, and mineral deposits. The risk of disruption to Middle East oil production and the rising U.S. demand for foreign oil have spurred American interest in oil sources outside the Persian Gulf. This report provides information on Kazakhstan's potential as (1) a source of oil for the United States and (2) an investment opportunity for the U.S. petroleum industry and an export market for U.S. oil and gas equipment supplies. GAO also discusses Kazakhstan's oil and gas production, reserves, exports, and consumption; the possible pipeline routes for bringing Kazakhstan's oil to export markets; the factors encouraging and discouraging investment in Kazakhstan's petroleum sector; and the efforts of the U.S. government to support exports to and investment in Kazakhstan's petroleum sector and U.S. oil companies' responses to those efforts.

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