As was predicted by the expert community of Kazakhstan - and confirmed by the insider sources in the government, Kazakhstan’s state oil-and-gas company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oilfield, Reuters reported. KMG in the beginning of 2008 expanded its stake […]
Marat of the Russian-language neweurasia blog presents a new episode of his statistical revelations:
I have read some statistics regarding supply of natural gas to households in the rural area of Kazakhstan. It happens that 88-92 percent of all households actually have access to such kind of facility.
I wondered - how come the percentage […]
Below is translation of Marat’s post from the Russian-language blog.
I looked through the archived data and found these figures interesting about Kazakh SSR:
1. Until early 1960s the housing construction was held primarily at the expense of the population: 70% of housing in 1946-50, some 60% in 1951-1955, and nearly 50% in 1956-1960
2. In 1980s, […]
As we reported earlier, Arcelor Mittal’s enterprise in Kazakhstan has been facing severe criticism for the conditions of work on the mines. Hundreds of miners perished in repeated accidents on Mittal Steel Temirtau, but only in last year the authorities of Kazakhstan took a firm stand in this issue after a series of workers’ […]
The Ministry of Finance of Kazakhstan has declared that the government will review its newly introduced export fee for oil exports to cancel all prerogatives.
Earlier it was said that the tax will not be imposed on the “companies having stable contracts” meaning virtually all foreign investors’ projects based on PSAs. The exclusion was accepted […]
Kazakhstan President Nursultan Nazarbayev spoke at the World Economic Forum’s meeting in Sharm-El-Sheikh (Egypt) and said that the main reason for world food crisis is speculation.
“It’s not just about climate change and bioethanol production. The global financial crisis urged profiteers to redistribute their funds from securities market to the commodities. For the first time […]
Today the major opposition party in Kazakhstan, “Azat”, came out with the suggestion to convocation an Anti-Crisis Council under the president of the republic. The explicit desire of former governmental officials and losers of the parliamentary elections (which had, in fact, only one winner - the presidential Nur Otan party that occupied all seats […]
As the rating agency Fitch pointed out devaluation of credits in three Kazakhstani banks, including the country’s leading private bank KazKom, and smaller ones, the Alliance and Caspian banks, the reaction of Kazakh bankers was immediate. They said that the Fitch’s methodology of evaluation of the assets quality is conservative.
The rating agency’s report, actually, […]
The Kazakh government will seek investors to build or maintain 1,000 kilometers (620 miles) of roads at a projected cost of 541 billion tenge ($4.5 billion) in exchange for operating concessions, the Transportation Ministry said.Roads in Kazakhstan, the world’s ninth-biggest country by territory, have always been a persistent problem both in Soviet times and […]
This is a translated post by Arman from the Russian-language blog.
It has been on the eve of the May Day holidays (which by the way were celebrated much wider under the previous mayor of Almaty; however, that was more likely due to better overall economic situation in the country) when the new mayor of the […]
