Abstract

Purpose-The purpose of this paper is to explore the Oil and Gas potential of Central Asian Republics and to look to new opportunities for Pakistan if relations with CARs are more developed. Design/Methodology / Approach- Descriptive and analytical method is used based on secondary data from reports by EIA (U.S Energy Information Administration), B.P Statistical review of world energy June 2013, Academic papers, books and Newspaper articles etc. A mathematical equation and graphic usage is carried out to illustrate the energy resources of CARs and options are considered for Pakistan to develop better ties with Central Asian Republics. Findings-The paper provides the pen picture of energy richness of Central Asia’s its future growth and prosperity which is directly linked with the development of inter-state and intra-state infrastructure like road and rail. This paper also focus on the challenges at international and regional level and role of global powers those are creating hurdles for CARs to develop economic ties with Pakistan and other regional countries. The presence of US and NATO forces in the region and unrest in Afghanistan has also implications for trade. Research Limitations-This article is related to an energy potential map of CARs with special emphasized on oil and natural Gas resources. The factors those are affecting the Pakistan relations with CARs are also discussed but analysis of U.S interests in Central Asia, great game and control over Eurasia, regional conflicts and political instability are not extensively discussed. Originality/Value-This is the original work. The analysis provided in the paper is based on facts and information based on EIA and other secondary sources.