An international effort to ensure good governance of natural resources could do more to improve accountability and sustainability, according to research in the oil- and gas-rich Caspian Sea Region that IIED has published today.
This project from 2008-2010 aimed to enhance the stability of the oil and gas investment climate in the Republic of Kazakhstan. The project aimed to identify critical issues and develop policy recommendations for increasing long-term investment stability in the oil and gas sector in Kazakhstan. The core concept of the project was that the policy imperative of sustainable development (i.e. an integrated approach to securing environmental, social and economic benefits) offers a valuable entry point for multi-stakeholder analysis and dialogue on oil and gas investment in Kazakhstan.