Economy

 

The first industrial revolution in the 19th Century was the invention of the steam engine. In the 20th Century oil and gas played a large role, and the US invented the telephone and television. Electrical supplies became centralised.

 

 

Mining firm ENRC bids farewell to the Stock Exchange but its Uzbek and Kyrgyz creators are here to stay. It is May 2010 at Monaco's vast Le Sporting banquet hall, where 800 guests have responded to an invitation from one of central Asia's most powerful, and secretive, oligarchs.

 

 

lokkzThe railroad locomotive factory here on the outskirts of the capital of Kazakhstan is one of the most modern in the world, with huge yellow overhead cranes and a work force of 1,100. An engine factory being built next door will soon make some of the world's most fuel-efficient 12-cylinder diesel engines.

 


 

astKAZAKHSTAN'S capital, Astana, celebrated its 15th anniversary on July 6th with a petrodollar-fuelled party. It happened also to be the 73rd birthday of the country's strongman president, Nursultan Nazarbayev, who commissioned this epitome of surreal bombast rising from the Central Asian steppe.

 

 

With every passing month, Tony Blair looks more and more like a deposed emperor who has systematically set up his own government in exile. How else should we view the inexorable rise of his shadowy and quasi-political network of businesses, whose tentacles stretch from his smart offices next to the American Embassy in London into every corner of the globe?

 

eurasWährend in London wegen schweren Betrugs gegen ENRC ermittelt wird, will ein kasachisches Bündnis den Rohstoffkonzern mit Staatshilfe komplett übernehmen. Jetzt erhält es mehr Zeit, sein Angebot aufzubessern.

 

By drawing attention to Iraq and the obvious role oil plays in US policy today, the Bush-Cheney administration has done just that: They have drawn the world's energy-deficit powers' attention firmly to the strategic battle over energy and especially oil. This is already having consequences for the global economy in terms of $75 a barrel crude oil price levels. Now it is taking on the dimension of what one former US Defense Secretary rightly calls a 'geopolitical nightmare' for the United States.

 

On December 15, the state-owned China National Petroleum Corp. (CNPC) inaugurated an oil pipeline running from Kazakhstan to northwest China. That pipeline will undercut the geopolitical significance of the Washington-backed Baku-Tbilisi-Ceyhan oil pipeline which opened this past summer amid big fanfare and support from Washington. The geopolitical chess game for the control of the energy flows of Central Asia and overall of Eurasia from the Atlantic to the China Sea is sharply evident in the latest developments.

 

After the tragic events of July 5 in Xinjiang Uyghur Autonomous Region in China, it would be useful to look more closely into the actual role of the US Government’s ”independent“ NGO, the National Endowment for Democracy (NED). All indications are that the US Government, once more acting through its “private” Non-Governmental Organization, the NED, is massively intervening into the internal politics of China.

 

Two Kremlin-controlled banks are planning to back a bid for U.K.-listed Eurasian Natural Resources Corp. PLC (ENRC.LN), the Sunday Times said. VTB Bank (VTBR.RS) and OAO Sberbank (SBER.RS), majority owned by the Russian state, have been hired by three central Asia tycoons who founded ENRC, the U.K. newspaper said. They've set up a vehicle to acquire the outstanding shares and have 12 days to table a bid to meet a Takeover Panel deadline, the Sunday Times said.


 

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