New Alliances to be Established in Kazakhstan: Alfa Bank Analyst
Azerbaijan, Baku /corr. Trend A.Badalova / Changing senior officials in Kazakhstan will not affect the country's economic relations, said the oil and gas analyst of Alfa Bank, Andrei Fedorov.
"It will not affect interstate relations. The re-appointment of the officials in the energy sector is regarding interactions with the commercial organizations," the analyst reported to Trend by telephone.
The President of Kazakhstan, Nursultan Nazarbayev, appointed Sauata Minbayev the Minister of Energy and Mineral Resources, who replaced Baktikoja Izmuhambetov in this position. Previously, Minbayev was heading Kazakhstan Holding on Management of the State Assets 'Samruk'. In addition, Nazarbayev appointed Izmuhambetov the head of administration of the West-Kazakhstan region. 'Samruk' will be headed by Kanat Bozumbayev who was heading 'KEGOC' JSC.
According to Fedorov, there is the possibility that new alliances will be established and new players will appear. " Kazakhstan's energy sector is very attractive to foreign markets, but entrance into this market is very difficult for many reasons" he said.
According to Fedorov, all are expecting development of the Kashagan field. "Some changes may take place here although it is defined firstly by State policy and generally the officials will not affect the existing division," the analyst said.
Fedorov said that the economic policy of Kazakhstan will not significantly change in the plan of open market access. " Kazakhstan is quite open for investors," he said.
"In any case, in order to develop the energy sector, it needs to possess integral resources, which includes external resources, as well as the realization of new projects, including infrastructure projects. There will not be significant changes in the plan of access, but new opportunities will appear for foreign investors," the analyst said.