International Conference on Eurasian Economies
11-13 October 2012 – Almaty, KAZAKHSTAN
Paper detail
Paper ID : 480
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Asst. Prof. Dr. Serdar Kuzu
Session : 4B Enerji ve Tabii Kaynaklar
The Position of Central Asian Republics in the World Energy Market
Dünya Enerji Piyasasında Orta Asya Cumhuriyetlerinin Konumu
- Asst. Prof. Dr. Serdar Kuzu (Istanbul University, Türkiye)
Abstract
Central Asian Republics contain a grand potential in itself through their rich natural resources and strategic locations on the Silk Road between east and west. However, international production and trade share of Turkic Republics is very low. Natural resources are among the most important elements for economic structure. Natural resources that hold by Turkic Republics have had an increasing importance in the world energy market since the disintegration of the Soviet Union. Many international firms have focused on this district in order to have a say in the production and distribution of energy resources. Within this period, the starting up of the Baku-Tbilisi-Ceyhan Pipe Line and studies on the Nabucco Project have contributed to the economies and stability of Turkic Republics. Important gas and petroleum exporting countries such as Kazakhistan, Azerbaijan have gotten high rates of growth depend especially on the natural resources export. However, gains provided by natural resources can create negative effects on income distribution of countries despite their positive effects on economic growth. Economic structure depend natural resources should be diversified for Turkic Republics in order to invest earnings come from natural resources efficiently. This is also very important for the intraregional trade and investment. Thus, logistic structure that could transport natural resources to other markets becomes very important. This study focuses on the positions of energy resources of Kazakhistan, Azerbaijan, Kirghizstan, Turkmenistan and Uzbekistan as Turkic Republics in the world energy market and their effects on the economies of these countries.
JEL codes: Q43, N75, O13
Kuzu, Serdar (2012). "The Position of Central Asian Republics in the World Energy Market" in Proceedings of International Conference of Eurasian Economies 2012, pp.241-249, Almaty, KAZAKHSTAN.
DOI: https://doi.org/10.36880/C03.00480
Session 4B: Enerji ve Tabii Kaynaklar
