news roundup
News Roundup - March 24, 2008
Bloomberg: Kazakhs get craters, not homes as credit crunch halts builders
In Almaty, the biggest city in the oil-rich Central Asian state, about 30 people on March 18 rallied against the hole in the ground where their new apartments should be. Work stopped after builder AO Corporation Kuat couldn’t get funding…
Reuters: Kazakh court fines gas field over flaring
A court in Kazakhstan has fined a group of Western energy majors developing the huge Karachaganak gas field $15 million for environmental damages, a consortium spokesman said on Thursday…
Reuters: Kazakh govt gains full control over key TV channel
The Kazakh government on Friday took full control of the country’s largest television channel Khabar after buying the 50 percent it did not hold for $100 million. State-owned holding company Samghau bought the stake on the Kazakh Stock Exchange, Khabar said in a statement…
Resource Investor: Kazakhstan’s oil contract review - Only guilty the need to worry!
Oil and gas companies with operations in Kazakhstan are once again scrambling to explain a new controversy. This time it is over the government’s decision to review oil contracts in order to determine whether companies have met their contractual commitments on licences. Ensuing uncertainty has left oil companies with exposure to Kazakhstan in a less than favourable stock market position…
Trading Markets: Kazakhstan to spend $830 million on construction
The Kazakh government will spend 100 billion tenge ($830 million) to boost residential construction and economic growth in Kazakhstan’s two largest cities after banks curtailed lending…
Hemscott: Caspian Energy says Aral Petroleum spuds Baktygaryn 703 exploration well
Caspian Energy Inc said Aral Petroleum Capital LLP, in which it holds a 50 pct indirect interest, has now spudded the first exploration well, Baktygaryn 703…
UPI: Analysis: Foreigners ply Volga-Don Canal
While most discussions of Caspian oil exports revolve around pipelines, since 1991 there has been a mini tanker boom on the inland sea, which services not only domestic markets but also transships oil for transport from Baku’s Sangachal terminal via the $3.6 billion, 1,092-mile Baku-Tbilisi-Ceyhan pipeline to Turkey’s Mediterranean terminus…
Toronto Star: Steppe-ing out in hard times
Life may be tough in some of the remotest corners of the vast Kazakh steppe, but once a year people put aside their hardships to celebrate Navruz, an ancient holiday marking the onset of spring…
When Russia and China held joint military exercises last summer, it appeared that a powerful new strategic alliance was about to come of age…
NATO newly began dialogue with the countries of Central Asia and Caucasus regarding energy security and the priority in this direction is the defence of the energy infrastructure, said the NATO Secretary General’s Special Representative for Central Asia and the South Caucasus, Robert Simmons…
Global Voices: Kazakhstan: Oddities of the Digital Present
In the most recent counple of weeks the Kazakhstani blogosphere - usually heavily politicized - was focused more on the developments in telecoms sector and Internet-related novelties in Kazakhstan…
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