news roundup
News Roundup - October 22, 2007
The Financial Times: Kashagan Oil Dispute a Step Closer to Resolution
An oil group led by Italy’s Eni is believed to have taken a first step towards resolution of a dispute with Kazakhstan over the development of Kashagan, the giant oilfield in the Caspian Sea area, according to media reports…
Reuters: Exxon Blocks Deal on Bigger Kazakh Kashagan Stake
Talks between Kazakhstan and oil companies developing the giant Kashagan field have stalled as U.S Exxon Mobil is blocking the expansion of the state’s share in the project, Interfax news agency said on Saturday…
Council on Foreign Relations: Non-OPEC Oil Production
Oil producers operating outside the Organization of Petroleum Exporting Countries (OPEC) are responsible for producing 60 percent of the world’s oil and face increasing production hurdles…
Bloomberg: Germany Backs Kazakh OSCE, WTO Bids as Investors Are Reassured
Germany backed a bid by Kazakhstan to head the Organization for Security and Cooperation in Europe, rejecting international criticism that the former Soviet state’s electoral record should bar it from assuming the watchdog’s helm…
For well over a century, the Caspian basin has been “the next big thing” for energy, a potentially wealthy region crippled only by its inaccessibility. This was the result of technology in the nineteenth century, when oil was exported on muleback, and later ideology, when the Bolsheviks seized Western assets, and the Soviets later denied westerners access only until they desperately needed cash…
The Washington Post: Russia’s Space City Frozen in Time
In this remote and rusting town on the barren steppes of Central Asia, the space race and the Sputnik era seem much more than a memory. Rockets still pierce the heavens in a halo of smoke during launches, and engineers and military men still crack open bottles of vodka to celebrate a successful launch…
neweurasia.net: New Bank. Why?
Against the background of the Kazakh banking system’s liquidity and the overall atmosphere of uncertainty in this sphere, a new bank – MasterBank – is entering the market after the financial authorities have issued a license for its activity…
The Associated Press: Soyuz Craft Lands Short of Destination
A technical glitch sent a Soyuz spacecraft on a wild ride home Sunday, forcing Malaysia’s first space traveler and two Russian cosmonauts to endure eight times the force of gravity before their capsule landed safely…
RIA Novosti: Soyuz-FG Carrier Rocket Puts Globalstar Satellites into Orbit
A Soyuz-FG carrier rocket launched from the Baikonur space center in Kazakhstan has put four U.S. Globalstar communications satellites into orbit, the Russian Federal Space Agency said on Sunday…
Forbes: Nokian Tyres to Build Car Tyre Plant in Kazakhstan with Local Company
Nokian Tyres said it will take an initial 10 pct stake in a newly formed venture that plans to produce up to 4 mln car tyres a year at a plant in Kazakhstan, with the option to gain a majority holding later…
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