Next month marks the 25th anniversary of the Sino-Kazakh intergovernmental agreement on cooperation in the oil and gas industry, which has seen China invest $45 billion. While the amount invested has been significant, China has not taken over the country’s energy industry as many experts had feared, with the Netherlands and the U.S. being far larger players. Russia’s invasion of Ukraine has increased the importance of Kazakhstan in the global oil and gas market and may help China increase its influence on the country’s oil and gas sector. A decade or so ago, it was commonplace in Kazakhstan to talk about the creeping takeover of the energy industry by China. That hasn’t happened. Next month marks the 25th anniversary of a Sino-Kazakh intergovernmental agreement on cooperation in the oil and gas industry. State-owned China National Petroleum Corporation’s maiden acquisition was a 60 percent stake in Aktobemunaigas, an oil and […]