News Roundup

News Roundup - August 22, 2007

By SRI ⋅ August 22, 2007 ⋅

Radio Free Europe / Radio Liberty: OSCE Offers Glimpse Into How It Monitors Elections
It was no surprise that Kazakhstan’s ruling party received a majority of the vote in the August 18 elections to the Mazhilis, or lower house or parliament…
Eurasian Home Analytical Resources: Parliemantary Elections in Kazakhstan
There are several reasons for the “Nur Otan” party’s sweeping victory in the parliamentary elections in Kazakhstan. Firstly, “Nur Otan” is a presidential party. During its election campaign “Nur Otan” relied on incontestable authority of President Nursultan Nazarbayev. The Kazakh people regard Nazarbayev as a stability guarantor, and “Nur Otan” party’s success showed the high presidential rating…
New York Times: Kazakhstan Threatens to Halt Work on Big Offshore Oil Project
The government of Kazakhstan threatened yesterday to suspend work performed by a consortium of foreign oil companies at the Kashagan offshore field, one of the world’s largest oil projects, because of an assertion of environmental damage in the Caspian Sea…
Kommersant: Kazakhstan Applies Sakhalin-2 Methods to Kashagan
Kazakh government vows to halt work at one of the biggest fields of the country developed under PSA – the Kashagan field. The bureaucrats blame violation of environmental laws on investors, including Italian Eni…
NewEurasia.net: Deja-Vu
We have seen it before at Tengiz, and now it’s Kashagan’s turn. The Kazakh government yesterday threatened to revoke the license of the Eni-led consortium developing Kazakhstan’s biggest offshore oilfield in the Caspian Sea…
Forbes: ING Bank to exercise greenshoe option for Kazakhstan Kagazy shares
function getSharePasskey() { return ‘ex=1345521600&en=6bc4c938210678f6&ei=5124′;}ING Bank NV said it has given notice to exercise the over-allotment option for 6.7 mln shares of Kazakhstan Kagazy PLC in the form of 6.7 mln GDRs at 5.00 usd per GDR…
Hemscott: Roxi Petroleum Buys Stake in 3 Oil and Gas Assets in Kazakhstan for 190 Million USD function getShareURL() { return encodeURIComponent(’http://www.nytimes.com/2007/08/22/business/worldbusiness/22kazakh.html’); } function getShareHeadline() { return encodeURIComponent(’Kazakhstan Threatens to Halt Work on Big Offshore Oil Project’); } function getShareDescription() { return encodeURIComponent(’The warning came amid official anger over lengthy delays and large cost overruns at the field, discovered in 2000.’); } function getShareKeywords() { return encodeURIComponent(’Oil (Petroleum) and Gasoline,International Relations,Kazakhstan,Total SA,Gazprom,Eni SpA,Exxon Mobil Corp,Royal Dutch/Shell Group’); } function getShareSection() { return encodeURIComponent(’business’); } function getShareSectionDisplay() { return encodeURIComponent(’Business / World Business’); } function getShareSubSection() { return encodeURIComponent(’worldbusiness’); } function getShareByline() { return encodeURIComponent(’By JAD MOUAWAD’); } function getSharePubdate() { return encodeURIComponent(’August 22, 2007′); }
Roxi Petroleum PLC said it has entered into a sale and purchase agreement to acquire controlling interests in three new oil and gas assets in Western Kazakhstan for 190 mln usd, mostly by the issue of shares at 1.30 usd a share…