Russia and Central Asian Oil and Gas in the Global Market

Navi Mumbai, Maharashtra India (PressExposure) September 25, 2007 -- Bharat Book Bureau, a leading market information aggregator has put forth a report ‘Russia and Central Asian Oil and Gas in the Global Market ‘([http://www.bharatbook.com/detail.asp?id=28608])

Central Asia is a term used to refer a vast area stretching from the Chinese border in the East to the Caspian Sea in the West, and from Russia in the North to Iran and Afghanistan in the South. Today Central Asia comprises five independent republics, Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan and Tajikistan. Historically, the famous Silk Road that runs from Europe to China and India passed through Central Asia. During the Soviet period, Central Asia remained a source of raw materials, especially its large hydrocarbon deposits that still are of tremendous potential. Even after the collapse of the Soviet Union in 1991, the independent states of Central Asia have remained important to Russia. Trade relations, although decreasing since the Soviet era, remain significant. Energy transfer routes often pass through Russia and many communication links are still northward.

Since the late 1990s, Central Asia has emerged as one of the world’s fastest growing regions and has shown notable development potential. This is significant for a region comprising largely of small landlocked economies with no access to the sea for trade. Among the advantages, of the region are its high priced commodities such as oil, gas, cotton and gold; reasonable infrastructure and human capital as legacies of Soviet rule; and a strategic location between Asia and Europe. Furthermore, many Central Asian countries have embarked on market-oriented economic reforms to boost economic performance and private sector competitiveness.

After a period of dismal economic performance following the breakup of the Soviet Union, the Central Asian countries have put together a booming economic performance since 1997. From 1997 to 2001, annual GDP grew by 6.1% per year in Central Asia as a whole compared with negative growth (-8.0) between 1991 and 1996. Since 2003, growth rebounded to a spectacular 9.9%. Although from a low base, the region’s performance is the highest in the post-transition period for any group of countries in the Soviet sphere and compares favorably with the fastest- growing economies in Asia and the rest of the developing world. In 2005, the region’s growth was well over 9%, reflecting high commodity prices, buoyant international demand and other country-specific factors.

This report discusses the current and forecasted market for this hot region.

For more information, Please visit : [http://www.bharatbook.com/detail.asp?id=28608]

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About Bharat Book Bureau

Bharatbook.com, a leading information aggregator, facilitates and supports the business information needs for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more. With over 90,000 reports, you can get instant access and insights on the studies in your areas of interest. For more information, call at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website http://www.bharatbook.com

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Press Release Submitted On: August 07, 2007 at 5:15 am
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