News Roundup - September 18, 2007

The Journal of Turkish Weekly: Kashagan: Possible Outcomes of the Kazakhstan Government Decisions

The government of Kazakhstan has suspended work on the largest oil field Kashagan. The present in the Northern part of the Caspian Sea and is located in shallow water, the field is the largest found in the last decade oil source…

Radio Free Europe / Radio Liberty: Despite Restrictions, Foreign Investment Grows in CIS

A new report from the United Nations shows that the transition economies of the Commonwealth of Independent States and South East Europe are seeing the highest-ever levels of foreign direct investment (FDI)…

Telegraph: Eastern Europe to Reap Its Own Subprime Crisis

Soaring inflation across Central and Eastern Europe has begun to derail the region’s booming economy, setting off alarms bells at the IMF and raising the risk of a monetary crunch…

Times Online: Black Gold Feeds a Taste for Consumerism

The new business capitals: Almaty. Kazakhstan’s new-found oil wealth has made expensive cars a common sight in the city…

Times Online: Seven Sacked in Max Petroleum Scandal

Max Petroleum, the London-listed oil explorer, said yesterday that it had dismissed its chief executive, chief operating officer and five other staff over a share option scandal…

EnerPub: Importing Central Asian Oil Another Lame Duck Idea

A proposal to import Central Asian oil into eastern Europe and break the region’s dependence on Russian crude faces the same old problems…

Gazeta.KZ: Is There Light or Misy at the End of the Tunnel?

Foreign investors working in Kazakhstan in the sphere of oil and gas, metal or other natural resources extraction will not leave the country because of the changes into the bowels and subsurface usage legislation…