Exploitation of Natural Resources in Kazakhstan: Judicial Practice for Foreign Investment

Author:Bauyrzhan Yessengeldin - Zhibek Khussainova - Aigul Kurmanova - Dinara Syzdykova - Azamat Zhanseitov
Position:Dean of the Economics Faculty and Professor of Karaganda State University named after Academician Y.A. Buketov; Editor of Bulletin of the Karaganda University, Economy series. The author may be contacted at: yessen_ baur@inbox.ru - Head of the Department of Economics and International Business and Professor of Karaganda State University named...
Pages:169-179
SUMMARY

Kazakhstan is one of the few countries worldwide endowed with a wealth of diverse natural resources. However, the country has yet to fully exploit these resources, for a variety of reasons, including high levels of corruption, ambiguous laws that cause confusion to the judiciary and consumers. The aim of this paper is to explore the exploitation of natural resource in the country from an... (see full summary)

 
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Exploitation of Natural Resources in Kazakhstan:
Judicial Practice for Foreign Investment
Bauyrzhan Yessengeldin
& Zhibek Khussainova
∗∗
& Aigul Kurmanova
∗∗∗
& Dinara Syzdykova
∗∗∗∗
& Azamat Zhanseitov
∗∗∗∗∗
Kazakhstan is one of the few countries worldwide endowed with a wealth of diverse natural
resources. However, the country has yet to fully exploit these resources, for a variety of
reasons, including high levels of corruption, ambiguous laws that cause confusion to the
judiciary and consumers. The aim of this paper is to explore the exploitation of natural
resource in the country from an international legal perspective. The article demonstrates
how corruption hinders the exploitation of natural resources in Kazakhstan. It also
describes how the current law seeks to address the issue of natural resource exploitation,
noting its ambiguities. The paper concludes by highlighting the provisions made in the UN
Declaration concerning Rights to Exploit Natural Resources, and makes recommendations
concerning how Kazakhstans government can promote the rights of citizens to enjoy access
to the land and natural resources.
Keywords
Judiciary, Laws, Natural Resource Exploitation Rights, Kazakhstan
* Dean of the Economics Faculty and Professor of Karaganda State University named after Academician Y.A.
Buketov; Editor of Bulletin of the Karaganda University, Economy series. The author may be contacted at: yessen_
baur@inbox.ru
** Head of the Department of Economics and International Business and Professor of Karaganda State University
named after Academician Y.A. Buketov. The author may be contacted at: zhibek_11@mail.ru
*** Associate Professor of the Aktobe Regional State University named after K. Zhubanov. The author may be
contacted at: k.aigul_k@mail.ru
**** Senior lecturer of “Accounting and audit” Chair, Karaganda State University named after Academician Y.A.
Buketov. The author may be contacted at: nochochek@mail.ru
***** Corresponding author. Lecturer of ‘Finance,’ Karaganda State University named after Academician Y.A. Buketov.
The author may be contacted at: azamat.zhanseitov@icloud.com
J. EAST ASIA & INTL L. Vol. 12/No.1 (2019); 169-179
Publication type : Research Article
Section : East Asian Observer
DOI : http://dx.doi.org/10.14330/jeail.2019.12.1.09

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