State intervention in Kazakhstan's energy sector: Nationalisation or participation?
This paper explores the dynamics of state intervention policies in Kazakhstan's petroleum sector between 2001 and 2012. Although the government in this period had become more assertive in relations with multinational enterprises (MNEs), a full-scale nationalisation had not occurred as the state...
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2018-07-01
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| Series: | Journal of Eurasian Studies |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1879366518300125 |
| _version_ | 1818178754938142720 |
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| author | Serik Orazgaliyev |
| author_facet | Serik Orazgaliyev |
| author_sort | Serik Orazgaliyev |
| collection | DOAJ |
| description | This paper explores the dynamics of state intervention policies in Kazakhstan's petroleum sector between 2001 and 2012. Although the government in this period had become more assertive in relations with multinational enterprises (MNEs), a full-scale nationalisation had not occurred as the state strengthened control over the industry without forcing out oil multinationals. The findings suggest that the increased state intervention in Kazakhstan's petroleum sector was motivated by a rationale of indigenous capacity-building rather than by an exclusively economic rationale of maximising rents. It is often overlooked that the government endeavoured to achieve a greater participation of Kazmunaigas national oil company (NOC) in the domestic energy sector. Contrary to nationalisation, participation doctrine does not prioritise asset expropriation and/or displacing foreign investors. In Kazakhstan, participation strategy facilitated a partnership between the NOC and MNEs with the aim of strengthening local expertise. Keywords: state intervention, nationalisation, participation, Kazakhstan's energy sector |
| first_indexed | 2024-12-11T20:53:01Z |
| format | Article |
| id | doaj.art-df3a916a106a4809aac326c4795dfbcc |
| institution | Directory Open Access Journal |
| issn | 1879-3665 |
| language | English |
| last_indexed | 2024-12-11T20:53:01Z |
| publishDate | 2018-07-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | Journal of Eurasian Studies |
| spelling | doaj.art-df3a916a106a4809aac326c4795dfbcc2022-12-22T00:51:11ZengSAGE PublishingJournal of Eurasian Studies1879-36652018-07-0192143151State intervention in Kazakhstan's energy sector: Nationalisation or participation?Serik Orazgaliyev0Corresponding author. Graduate School of Public Policy, Nazarbayev University, Astana, Kazakhstan; Graduate School of Public Policy, Nazarbayev University, Cambridge Central Asia ForumThis paper explores the dynamics of state intervention policies in Kazakhstan's petroleum sector between 2001 and 2012. Although the government in this period had become more assertive in relations with multinational enterprises (MNEs), a full-scale nationalisation had not occurred as the state strengthened control over the industry without forcing out oil multinationals. The findings suggest that the increased state intervention in Kazakhstan's petroleum sector was motivated by a rationale of indigenous capacity-building rather than by an exclusively economic rationale of maximising rents. It is often overlooked that the government endeavoured to achieve a greater participation of Kazmunaigas national oil company (NOC) in the domestic energy sector. Contrary to nationalisation, participation doctrine does not prioritise asset expropriation and/or displacing foreign investors. In Kazakhstan, participation strategy facilitated a partnership between the NOC and MNEs with the aim of strengthening local expertise. Keywords: state intervention, nationalisation, participation, Kazakhstan's energy sectorhttp://www.sciencedirect.com/science/article/pii/S1879366518300125 |
| spellingShingle | Serik Orazgaliyev State intervention in Kazakhstan's energy sector: Nationalisation or participation? Journal of Eurasian Studies |
| title | State intervention in Kazakhstan's energy sector: Nationalisation or participation? |
| title_full | State intervention in Kazakhstan's energy sector: Nationalisation or participation? |
| title_fullStr | State intervention in Kazakhstan's energy sector: Nationalisation or participation? |
| title_full_unstemmed | State intervention in Kazakhstan's energy sector: Nationalisation or participation? |
| title_short | State intervention in Kazakhstan's energy sector: Nationalisation or participation? |
| title_sort | state intervention in kazakhstan s energy sector nationalisation or participation |
| url | http://www.sciencedirect.com/science/article/pii/S1879366518300125 |
| work_keys_str_mv | AT serikorazgaliyev stateinterventioninkazakhstansenergysectornationalisationorparticipation |