Despite being the second-largest oil producer and exporter in the former Soviet Union, only behind Russia, Kazakhstan has been historically plagued by chronic deficits of fuel for domestic consumption. National energy security is at the top of the country’s priority list, yet little progress has been made since independence to address this concern.
The United States has unveiled criminal charges against five people accused of involvement in a bribery scheme to help British defense giant Rolls-Royce win energy-related contracts in Kazakhstan, Azerbaijan, and other countries.
Privatization drive confronts wariness about state intentions
Interpol, the international police organization, has just concluded its annual meeting in Beijing.
Antwerp World Diamond Centre , Servais Verherstraeten, Axel Haelterman, Raf Verstraeten, Catherine Degoul, Patokh Chodiev, diamonds, Kazakhgate
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.
Commodity prices have found a “new normal” but copper is doing much better.
An old Chinese proverb would be best amended to go something like this: if you want China to be rich, you must first build roads. Unfortunately, a road or railway is useless unless you own and can legally operate a fleet of trucks, locomotives, and rolling stock to ply the routes.
This is the first in a series of studies conducted as part of a program to analyze historical precedents and develop recommendations on how to diversify resource-based economies.
Kazakhstan, it seems, has been one of the worst violators of a promise made in December to cut oil production. According to data in the International Energy Agency’s March Oil Market Report [PDF], Kazakhstan had agreed to a 20,000 barrel per day cut but instead increased production over the baseline month level (October) by 78,000 bpd.
