Archive for December 6th, 2007
News Roundup - December 6, 2007
Financial Times: Exxon blamed for thwarting Kashagan plan
Kazakhstan on Tuesday exposed ExxonMobil as the only member of an international oil group led by Eni of Italy unwilling to surrender part of its equity in the giant Kashagan oilfield to KazMunaigas, the Kazakh state oil company…
Motley Fool: Kazakhstan to Big Oil: Whack!
Western oil companies have received less than a glorious welcome in Kazakhstan, where they are attempting to develop big, relatively newly discovered oilfields…
The national oil companies of Kazakhstan and Azerbaijan, KazMunayGas and the State Oil Company (SOCAR) are to establish a joint enterprise on development of the Kazakhstan Caspian Pipeline System of pipelines, Uzaybay Karabalin, KazMunayGas’s president said…
Gazeta.KZ: On KASE fixing results KazPrime bulled up by 6 basic points - 12,29%
On results of the KASE fixing KazPrime value bulled up by 6 basic points and amounted 12,29% of annual level, reports the agency…
Interfax: Kazakhstan’s gold reserves up 3.7% in November 2007
Kazakhstan’s gold and currency reserves, including the National Bank’s gross reserves and the National Fund’s reserves, rose 3.7% in November to $37.486 billion, the National Bank said in a statement on December 5…
Interfax: Kazakhstan could raise export price for gas
Kazakhstan could raise its gas export prices, a source in the company’s oil and gas industry told Interfax. “Global trends are such that gas is going up in price. Accordingly, we are also considering this possibility,” the source said…
Business New Europe: BP’s giant gas discovery adds impetus to Azerbaijan’s export plans
The discovery of a “potentially significant” new reserve of natural gas in the Caspian Sea will strengthen Azerbaijan’s claims to become a major export of natural gas to Europe, say analysts. It could also boost the chances of the EU-backed Nabucco pipeline being built…
Business New Europe: Chevron seeks stake in Bulgaria-Greece oil pipeline
High-level sources at Chevron say that the US energy company wants to participate in a new oil pipeline being built between Burgas, in Bulgaria, and Alexandroupolis, in Greece…
Kommersant: Ukraine gas price nears crisis level
Gazprom has set the price for natural gas for Ukraine next year at $179.5 per 1000 cu. m., up from $130 this year, which will cost Ukraine an additional $2.71 billion for a total of $7.2 billion…
EurasiaNet: The future of Nabucco pipeline up in the air
The prospects for construction of the Nabucco pipeline — a route that would help Europe reduce its energy dependency on Russia — appear to be fading. A decision on whether to proceed with the project has been postponed until early 2008 amid questions of whether the proposed route can be economically viable.
Globe and Mail: You’ve never heard of Gulzhan Moldazhanova
Then there is Gulzhan Moldazhanova. The petite, soft-spoken woman is from Almaty, the biggest city in Kazakhstan. She is a divorced mother of a three-year-old daughter, Alina. She lives in Moscow, speaks good, if not quite fluent, English and according to Fortune magazine, is the 20th most powerful woman in the world…
