Economy

Kazakhstan to reduce coal output in 2009

According to Mr Duysenbay Turganov deputy minister of energy and mineral resources of Kazakhstan in 2009 Kazakhstan will reduce its coal output by about 12 million tonnes YoY to around 93 million tonne.

 

BTA loses $13.4 billion in Jan-Sep

bta2BTA Bank, until recently Kazakhstan’s biggest bank, lost KZT2 trillion ($13.4 billion) in January through September, the bank reported on Thursday.

 

Kazakhstan’s current account deficit totaling $3.4 billion in Jan-Sep

Kazakhstan’s current account deficit in the first nine months of 2009 totaled $3.4 billion, the National Bank of Kazakhstan reported last week.

 

Eni and KazMunaiGas close to deal

map_KashaganItaly's Eni group and Kazakhstan's London-listed KazMunaiGas last night signed a preliminary agreement that could result in up to $50bn of investments in the central Asian state's upstream and downstream oil and gas sectors.

 

Transparency level in Kazakhstan lags behind Russia, Europe - S&P

In a report released in October, Standard & Poor’s said the transparency level is average for the largest public companies and weak for large non-public government-controlled companies.

 

Kazkommertsbank repays $500-million Eurobond

Kazkommertsbank (KKB) has repaid a $500-million Eurobond at maturity using its own funds, the bank said in a statement on Tuesday.

 

Kazakhstan: A Showpiece of Energy Wealth Rises in the Western Desert

Kazakhstan's port city of Aktau on the Caspian Sea has had some ups and downs in its short history. Founded just half a century ago, it thrived as a center of the Soviet uranium and chemical industries but then plunged into decline amid the economic chaos that accompanied the collapse of Communism. The last decade has seen Aktau reinvent itself as an oil town, and it now figures prominently in President Nursultan Nazarbayev's ambitious development strategy.

 

Karachaganak consortium to suspend Kazakhstan legal action

Karachaganak Petroleum Operating (KPO), a joint venture led by British BG Group and Italian Eni, suspended legal proceedings against the Kazakh government to recover more than $1 billion in export duties it had paid to Kazakhstan, Reuters reported.

 

Prime-Minister is a butterfly but ant needed

masimovKarim Masimov took main post in Kazakhstani government at the period when all country’s management had “hit the roof” from “colored freebie”. In august 2007 year crisis came along into the Republic but the Cabinet preferred to not pay attention to it for a long time. After that $19 billon of dollars were thrown in haste for struggling with the crisis. The effect was the same if they didn’t spend such amount. In other words the effectiveness was close to zero. Kazakhstan needs PM-ant to be able to laboriously and step-by-step work. Mr. Masimov stayed as a butterfly. He flies under the field of problems unable to change or correct something principally.

 

 

Turkmenistan completes section of gas line to China

Turkmenistan has completed construction on its 188-km section of a 7,000-km natural gas pipeline that extends from Turkmenistan to China, according to official media.

 

Kazakhstan: Nervous authorities keep election observers at arm’s length

Kazakhstan: Nervous authorities keep election observers at arm’s length

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Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

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Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

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