In a move presented as glorious and spectacular, oil companies from Russia (Rosneft), China (CNPC), Kazakhstan (Kazmunaygas), Azerbaijan (SOCAR) and Italy (Eni) have teamed up to form a consortium for the exploration and exploitation of what is expected to be a new “giant” located in the very heart of the northern Caspian tectonic structure.
Sumant Sinha led ReNew Power Ventures Pvt Ltd, a Goldman Sachs backed clean energy company -- is in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, according to multiple officials in the know.
'No evidence could be produced to contradict the version of the accused'
A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he is charged with a number of offenses including attempting to overthrow the government, extremism, and illegal weapon possession. Eight co-defendants are also being charged with tax evasion, financial fraud, and bribery in the trial.
Implausible as it might seem, a day will come when Kazakhstan will have a president other than the one now in power.
After operations at its headquarters were suspended last week, Jehovah’s Witnesses in Kazakhstan fear their country’s government is going down the same path as neighboring Russia, where the Christian group was effectively banned earlier this year.
Commodity prices have found a “new normal” but copper is doing much better.
