In Kazakhstan. there is a S20 billion joint venture between an American oil company and the Kazakh government which could yield as much as 9 billion barrels of crude oil over the next 40 years. Nevertheless. the oil industry cannot by itself accomplish this achievement. The region has been in turmoil as a result of war between Armenia and Azerbaijan. with large disrupting movements of refugees. and there are constant political and other pressures from Russia and the Islamic world bearing on the Caspian region. The resulting instability requires increased involvement and commitment by the United States Government for large scale projects to go forward. The power and the influence of the United States Government are necessary to accomplish the development of an assured supply of petroleum resources to the West.
Keywords matched
refugees