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ARTICLE · 04 SEPTEMBER 2007

Doing Business In Kazakhstan Today

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Kazakhstan has progressed from nomadic, to communistic, to free enterprise in its long and turbulent history. But over the last 10 years, the country has grown up and matured at a staggering rate.

KazakhstanStrategy
Bracewell LLP
Bracewell LLP

Originally published in Pipeline & Gas Journal, August 2007.

Kazakhstan has progressed from nomadic, to communistic, to free enterprise in its long and turbulent history. But over the last 10 years, the country has grown up and matured at a staggering rate. It is now poised to take its place among the most prosperous countries of the 21st century.

The key to effectively doing business in Kazakhstan is understanding its cultural, business and legal realities, and using representation positioned to take advantage of the Caspian region’s vast potential for growth. Kazakhstan is unique in that it is well-positioned to be a leading powerhouse linking the economies of Asia and Europe.

Essentially Moslem, this large Central Asian country covers more than 1 million square miles, making it the ninth largest country in the world. Additionally, Kazakhstan is extremely rich in oil and natural gas reserves with the potential to triple its oil production rate to more than 3 million barrels of

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