Word: kazmunaigaz
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Dates: during 2004-2004
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...vital source for the West, especially if the political kinks in the supply lines from Russia, the Middle East and Nigeria persist. Nazarbayev's government has signaled it wants a more active role in managing those vast resources. In 2003, it decreed that the state oil company, KazMunaiGaz, must be a 50% stakeholder in all new domestic oil and gas ventures. "This is not renationalization," says Martha Brill Olcott, senior associate at the Carnegie Endowment for International Peace in Washington and an expert on the Caspian region. "This is re-evaluation. Kazakhstan is learning to play with the big boys...