Well that didn’t take long. Russia’s military incursion into Georgia, home to a key oil and gas pipeline, stoked fears that the West would have a harder time convincing Central Asian countries to defy Russia and take part in future pipeline projects that would reduce dependence on Russia. Now, some countries seem to be bailing out of the existing ones.
Kazakhstan is considering diverting its oil exports away from the BTC pipeline that runs through Georgia, and using Russia instead. The reason? “Security concerns,” brought about by Russian military intervention.
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