Turkmenistan eyes Western markets with new $2.5 bln gas link
Turkmenistan hailed on Wednesday the completion of a $2.5 billion gas pipeline connecting its abundant eastern gas fields to the Caspian Sea while potentially expanding Europe's energy security options.
Brent hits 11-year low as oil extends slide on glut worries
European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.
Hard economic lessons as China's coal boom ends
China's coal industry is now crippled by oversupply, but its companies are too big to fail.
Kazakhstan's accession to WTO may hamper development of EEU: Belarus Foreign Minister Vladimir Makei
According to Minister of Foreign Affairs of Belarus Vladimir Makei, Kazakhstan’s accession to the World Trade Organization may hamper the development of the Eurasian Economic Union.
Kazakhstan no longer attractive for expats because of tenge depreciation: Deutsche Welle
According to German Deutsche Welle, sharp tenge depreciation caused some foreign workers, who came to Kazakhstan for better prospects, to consider going back home.
Standard & Poors no longer takes Kashagan into account when assigning ratings to Kazakhstan
The project is likely to be regarded as ad addition to the current economic growth model that has been recently shaped: S&P’s Associate Director Karen Vartapetov.
Weight Watchers soars after Oprah tips investment scale
Weight Watchers shares more than doubled in value after US media star Oprah Winfrey said she will buy a 10 percent stake in the struggling company.
OPEC chief confident of a balanced oil market in 2016
OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing.
Kazakhstan mulling privatization of oil refineries
Oil production in Kazakhstan in 2014 stood at 73.7 million tons. The three Kazakhstan-based oil refineries produced a total of 3.02 million tons of petrol.
Petrol prices in Kazakhstan depend on Russian ruble: Shkolnik
Kazakh Minister of Energy Vladimir Shkolnik says that the price for petrol in Kazakhstan will depend on the Russian ruble.
Kazakhstan improves position in world flight safety ranking
Kazakhstan's compliance with International Civil Aviation Organization (ICAO) standards has risen from 47 to 65 percent.
TeliaSonera exiting Kazakhstan’s market
The decision to quit the region is driven by the Company’s efforts to ensure a greater value for the shareholders, clients and employees.
WHO country office to cost Kazakhstan $2 million a year
Majilis, the country’s lower chamber, approved of the agreement with the WHO to launch a country office in Almaty.
Kazakhstan still planning to resume production at Kashagan late 2016
Kashagan oil project in the Caspian offshore will be economically viable with oil rices standing at $100 per barrel, a Tengrinews.kz journalist reported earlier, citing Sauat Mynbayev, KazMunaiGas Chairman of the Board.
We can do without foie gras and luxury cars: President Nazarbayev
According to him, “the most important thing is that we have enough food to sustain ourselves. We have enough clothes, a shelter above the head, fossil fuel to heat the houses”.
Kazakhstan’s President Nursultan Nazarbayev on recent hike of prices for petrol
These are mere economics laws: we have to keep prices equal to those of Russia as we have no customs barriers and the movement of goods across the border is free: President Nazarbayev.
Petrol follows tenge in free float: Kazakhstan government stops regulating prices
After the announcement that Kazakhstan governoment was stopping price regulation for petrol, prices spiked throughout Kazakhstan.
Kazakhstan to stop regulating prices for petrol
There should be a flexible pricing model given the ongoing volatility at the FX market: Vice PM Sagintayev.
Russia’s LUKOIL sells 50% in Caspian Investments Resources Ltd. to China’s Sinoptec
Caspian Investments Resources Ltd. is developing five oil field in Kazakhstan, notably Alibekmola, Kozhassai in Aktyubinsk oblast, Karakuduk, Severny Buzachi and Arman in Mangistau oblast.
Almaty among Top 100 liveable cities: Economist Intelligence Unit
Economist Intelligence Unit (EIU) rated 140 cities by livability. Kazakhstan's Almaty got the 100th place.