Analysis of the Competitiveness, Complementarity, and Trade Combination of Kazakhstan and China in the Oil and Gas Trade-Reference-Cited by-同舟云学术

Analysis of the Competitiveness, Complementarity, and Trade Combination of Kazakhstan and China in the Oil and Gas Trade

Published:2024-07-10 Issue:7 Volume:12 Page:182
ISSN:2227-7099
Container-title:Economies
language:en
Short-container-title:Economies

Author:

Du Binghan¹,Juman Jappar¹,Makulova Aiymzhan Tulegenovna²,Khamzayeva Assel Valitkhanovna¹,Zhai Xuan¹^ORCID

Affiliation:

1. Department of International Relations and World Economy, Al-Farabi Kazakh National University, Almaty 050040, Kazakhstan

2. School of Digital Technologies, University NARXOZ, Almaty 050035, Kazakhstan

Abstract

The oil and gas trade is one of the main ways to promote regional economic development by improving the effectiveness of resource allocation. While regional energy cooperation could lead to growth in the energy trade, blind investment will reduce effective yields. Kazakhstan and China maintain a stable oil and gas trade, but resource exports to China are not growing as expected. The aim of this research is to analyze the competitiveness and complementarity of Kazakhstan and China in the oil and gas trade, as well as the main factors affecting the oil and gas trade between Kazakhstan and China. By creating a linear regression equation to analyze the gravity model of the oil and gas trade between Kazakhstan and China, it was revealed that a 1% growth of the gross domestic product in both countries would lead to a 1.471% increase in the oil and gas trade. However, an increase in oil and gas production in Kazakhstan will not contribute to the expansion of the oil and gas trade with China. Kazakhstan and China could improve their oil and gas trade by strengthening financial cooperation, improving energy efficiency, increasing investment in infrastructure such as oil refineries and pipelines, and developing new oil and gas fields in Kazakhstan.

Publisher

MDPI AG

Link

https://www.mdpi.com/2227-7099/12/7/182/pdf

Reference42 articles.

1. Analysis of key directions and proposals to minimize the economic impact of the global energy transition on large energy-intensive industrial consumers of electricity and capacity;Balashov;Strategic Decisions and Risk Management,2023

2. A conceptual analytical model for the decentralized energy-efficiency management of the national economy;Borodina;Energy Policy Journal,2022

3. BP (2020, June 17). Statistical Review of World Energy. Available online: https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2020-full-report.pdf.

4. Bureau of National Statistics of Republic of Kazakhstan (2024, February 15). Foreign trade turnover of the Republic of Kazakhstan (January–December 2023), Available online: https://stat.gov.kz/ru/industries/economy/foreign-market/publications/123068/.

5. China Petroleum Enterprise Association (2024). Blue Book of China’s Oil and Gas Industry Development Analysis and Outlook Report (2023–2024), China Petroleum Enterprise Association.