Kashagan to start commercial production in 2014 - Kulibaev
Kazakhstan’s giant Kashagan field in the Caspian Sea is unlikely to start commercial production until 2014, Timur Kulibaev, President Nazarbayev’s son-in-law and president of Kazakhstan’s oil association KazEnergy said on Thursday.
(bne) - Picture Astana’s right bank in 2012. Alongside the Baiterek tower and the blue-domed presidential palace, there will be a new landmark: the Abu Dhabi Palace. This huge complex was inspired by Kazakhstan’s economic growth, designed by renowned British architect Norman Foster, and funded from the United Arab Emirates.
(EurasiaNet) - A three-sided diplomatic scrum is intensifying in Central Asia, as US, Russian and Chinese officials are stepping up efforts to wring energy-export deals from regional leaders.
(SRI) - Energy officials in Astana are expecting to transport as much as 392 million barrels of oil per year through the Baku-Tbilisi-Ceyhan pipeline, UPI reported on Friday.
(SRI) - Expansion of the Caspian Pipeline Consortium (CPC) pipeline capacity is to be completed by 2012, Kazakh Minister of Energy and Mineral Resources Sauat Mynbayev said at the Eurasian energy forum KazEnergy in Astana, Kazinform reports.
(SRI) - According to a draft law, Kazakhstan has proposed to set mineral extraction tax rates for oil producers at 5-18 percent of crude’s market value in 2009, with higher rates applied to larger producers, Reuters reported on Wednesday.
Today is the time of the Kazakh consumer, according to Eldar Abdrazakov, chief executive of Centras Capital. Almaty-based Centras is about to make the first investment from its buyout fund, through which it plans to benefit from this growing phenomenon.
Kazakhstan, with its vast reserves of hydrocarbons, is on a path to become a petro-power on a global scale. That, at least, is the plan of the Kazakh government, oil companies with access to the rich oil fields of Kazakhstan, and those seeking alternatives to OPEC oil.
Middle and Far East investors target Kazakhstan
(bne) - Picture Astana’s right bank in 2012. Alongside the Baiterek tower and the blue-domed presidential palace, there will be a new landmark: the Abu Dhabi Palace. This huge complex was inspired by Kazakhstan’s economic growth, designed by renowned British architect Norman Foster, and funded from the United Arab Emirates.
Kazakh cement manufacturer Steppe Cement lifts profits, fears tough conditions (ShareCast)
Russia to get tax privileges if investing to KZ non-primary sector: Premier (Kazinform)
Kazakh-Russian trade turnover to exceed $20 bln in 2008: PM (Kazinform)
Kazakhstan: Fears of aggravation of crisis
(Global Voices) - Although Kazakhstan, enjoying booming economy fueled by extractive industries, remains the leading state among Central Asian republics, the volatile situation in the country's economy gives grounds for anxiety among bloggers.
Indicators - September 5, 2008 (Reuters)
Can Nazarbayev help Kyrgyzstan escape Moscow's pressure
(Eurasia Daily Monitor) - Nazarbayev gave hope to Kyrgyz President Kurmanbek Bakiyev and other Central Asian leaders to maintain a more balanced East-West policy in spite of Russian pressure.
Astana: The pleasure domes of a new Xanadu
(Telegraph) - On a visit to Astana, James Mackintosh is seduced by the audacity and extravagance of its modern architecture – and the vibrancy of its expatriate social whirl.
Central Asia: Russia and United States intensify energy competition
(EurasiaNet) - A three-sided diplomatic scrum is intensifying in Central Asia, as US, Russian and Chinese officials are stepping up efforts to wring energy-export deals from regional leaders.
Nabucco backers remain composed
(Financial Times) - The backers of the Nabucco pipeline, an ambitious 3,300km scheme to ship gas from central Asia to Europe, remain confident the project is on track, in spite of the conflict between Russia and Georgia.
Cheney expresses US interest in Caspian region
(Oil and Gas Journal) - US Vice-President Dick Cheney met with Azerbaijan's President Ilham Aliyev and later said that the US has a "deep and abiding interest" in the Caspian region's stability and security.
Kazakhstan boosts oil production forecast
(SRI) - Energy officials in Astana are expecting to transport as much as 392 million barrels of oil per year through the Baku-Tbilisi-Ceyhan pipeline.
RWE to examine coal gasification in Kazakhstan
(Oil and Gas Journal) - RWE AG and Samruk, Kazakhstan's state assets management holding company, will look at coal gasification and synthetic gas usage in northern and eastern Kazakhstan to unlock new energy sources in the country.
Third listing primed as exchanges woo Kazakhstan oil producer
(The Independent) - KazMunayGas Exploration Production (KMG EP), the London and Kazakh-listed oil company, is mulling a flotation on a third stock exchange.
Shut up, Borat - the tinderbox of Kazakhstan oil
(The Independent) - The gleaming towers of the capital city are monuments to black gold, but the Eurasian state is stuck in the middle between Western demand and keeping its Russian and Georgian neighbours sweet.
Paper looks at Kazakh plans to increase electricity generation in country
(BBC Monitoring - redOrbit) - Kazakhstan's electricity production is increasing but consumption is also rapidly growing. As a result, there are rolling blackouts in the south of the country and Kazakh people are being constantly urged to save electricity and heat.
Oil and gas deposit discovered in Kazakh West - local TV
(BBC Monitoring - redOrbit) - A large oil and gas deposit has been found near the village of Petrov in Zelenov District of West Kazakhstan Region.
Kazakhstan ups oil and gas production (SRI)
New Tax Code has oil tax rates ranging from 7 to 20 percent (Interfax)
All Kashagan problems solved: Kazakh PM (Kazinform)
Russia eyeing Oman's stake in CPC (RBC News)
Kazakhstan to start construction of West-South gas pipeline in 2009 first half (Kazinform)
Kazakhstan joins WPC (Kazinform)
New Tax Code sets 8 percent cooper tax and 15 percent uranium tax (Interfax)
Kazakh takeover talk lifts miners' gloom
(Telegraph) - Rumours that rival Kazakh copper group Kazakhmys is planning to launch a formal offer for its local competitor made ENRC one of the few blue-chip risers for most of the trading session.
ENRC aims to remain low-cost ferroalloys producer
(Dow Jones - NASDAQ) - Kazakh mining company Eurasian Natural Resources Corp. PLC's increased capital-expenditure program will help the company stay a low-cost miner compared to its competitors in the ferroalloys market.
