Kazakhstan

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WSJ: How a Giant Kazakh Oil Project Went Awry

Authors: Selina Williams, Geraldine Amiel, and Justin Scheck

"To replace what they pump, oil companies need to collaborate with state-owned companies that control 90% of the globe's remaining oil reserves, by a World Bank estimate. But governments often give foreign oil companies access only to the hardest-to-develop acreage. Kashagan's large-scale stumble shows how collaborations in these difficult fields can go sour for both sides."

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