The former Soviet bloc economy will contract by a sharper-than-expected 6.3 percent in 2009 before returning to growth next year, the European Bank for Reconstruction and Development forecast Thursday.
Economy
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Kazakhstan positioned itself as a potential supplier to the Baku-Tbilisi-Ceyhan oil pipeline ahead of a meeting in Ankara with Turkish officials.
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By Clare Nuttall
China Investment Corporation’s acquisition of a stake in KazMunaiGas Exploration Production and the opening of a pipeline linking oil-rich western Kazakhstan to the Chinese border meant it was inevitable that China’s grasp of Kazakh natural resources would be the hot topic at this year’s Kazakhstan International Oil and Gas Exhibition (Kioge) conference.
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Reporting by Alexandra Hudson; Editing by Tim Ahmann
Banking crisis will continue to impact Kazakhstan
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Top-Ermittler soll Daten an kasachischen Geheimdienst verraten haben.
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By Alexandros Petersen
This summer’s dispute over undersea Caspian energy resources between Azerbaijan and Turkmenistan, as well as Ashgabat’s recently stated intention to bolster its maritime military capabilities, have seemingly thrown Trans-Caspian relations into a tailspin, jeopardizing plans for energy cooperation to supply the strategic Nabucco natural gas pipeline. Given the Caspian’s delicate geopolitical balance, an international arbitration process on the Azerbaijani-Turkmen dispute may not in fact result in final resolution. That said, developments surrounding the mid-September informal Caspian summit, attended by presidents Ilham Aliyev and Gurbanguly Berdimuhammedov may signal that this Trans-Caspian flare-up will be short-lived.
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Olzhas Auyezov
A Kazakh opposition newspaper has offered to pay court-mandated damages to state-run bank BTA using BTA bonds on which the bank has defaulted, and also threatened to seek the lender's bankruptcy.
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Canada's Trade Minister Stockwell Day and Kazakhstan's Energy Minister Sauat Mynbaev jointly announced Thursday the conclusion of negotiations for a bilateral nuclear cooperation agreement.
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By Aiman Tynyshbaeva
Despite its mineral-led economic boom, the Central Asian nation's development agenda is inchoate—leaving most of the benefits to cities like Astana and Almaty
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Karachaganak Petroleum Operating (KPO), a joint venture led by British BG Group and Italian Eni, is seeking to recover more than $1 billion in export taxes paid to Kazakhstan, Energy Minister Sauat Mynbayev told reporters on Tuesday.
How a Chinese company exports the Great Firewall to autocratic regimes
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Kazakhstan diverting crude to Russia’s CPC as Azerbaijan deals with tainted oil
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