Akchulakov appointed new head of KazMunaiGas
Outgoing Kairgeldy Kabyldin, according to a source close to the situation, is expected to head KazTransOil.
05 October 2011
KazAtomProm hopes to remain relatively intact through the forecasted downturn of the global uranium markets
There is no risk of drastic downfall of the global demand for uranium: Sergey Yashin, KazAtomProm Nuclear Company Vice Chairman of the Board.
05 October 2011
Kazakhstan may boost uranium production to 30,000 tons a year
As of today annual production output stands at about 20 000 tons, that is 33% of the global production.
05 October 2011
LG Chem of South Korea chosen strategic partner to complete 2nd stage at Atyrau-based gas and chemistry complex
Once the 2nd stage is completed, the complex will be able to produce 800 000 tons of polyethylene a year.
05 October 2011
Nuclear power plants to emerge in Kazakhstan within a decade
All this will contribute to development of adjacent industries: Sergey Yashin, KazAtomProm Nuclear Company Vice Chairman of the Board.
05 October 2011
Alternative energy sources to produce 3% of consumed power by 2020
According to Minister of Industry and Trade, as of the end of 2010 Kazakhstan generated 82 billion kilowatt-hours. The figure is to reach 100 billion by 2015.
05 October 2011
Kazakhstan was late to start modernizing its oil refineries: Minister of Oil and Gas Sauat Mynbayev
According to him, timely expansion of the capacities could neutralize price fluctuations and fuel shortages in the domestic market.
04 October 2011
Prospects of the 2nd stage of Kashagan development still uncertain: Minister of Oil and Gas
According to the project’s operator, the oilfield’s reserves are estimated at 38 billion barrels, with 10 billion barrels being recoverable.
04 October 2011
Kazakhstan to develop nuclear industry: PM Karim Massimov
October 4-5 Astana is hosting KAZENERGY Eurasian Forum, an influential dialogue platform uniting the entire energy industry and bringing together oil and gas companies.
04 October 2011
Kazakhstan ready for a new wave of financial crisis
However, should the crisis be lingering, we will have to review approaches to the budgeting process: Samruk – Kazyna Sovereign Wealth Fund Vice Chairman of the Board.
04 October 2011
Foreign Minister Erzhan Kazykhanov to pay a working visit to Tehran October 8-9
According to the Foreign Ministry, “the forthcoming visit may facilitate further development of bilateral political dialogue, expansion of trade and economic and humanitarian cooperation”.
03 October 2011
MyPaykz, a new mobile payments service, is launched in Kazakhstan
According to its developers, the most obvious advantage of MyPaykz is that its users can be holders of bank cards issued by any bank.
03 October 2011
Prices for housing in Kazakhstan grew by 20-25% in the H1 2011
Samruk-Kazyna Sovereign Wealth Fund has come with a program to support construction of affordable housing.
03 October 2011
Kazakhstan may offer special tax regime for foreign investors injecting $500 million
Investors are to be exempted from corporate income tax, land and property tax: Minister of Industry and New Technologies Asset Issekeshev.
03 October 2011
FDI to slightly diminish in 2011 due to decreasing investments into Kashagan oilfield
At the same time, according to him, “foreign investments into the processing sector are growing”.
03 October 2011
Supreme Mufti comments on religion law
September 29 Kazakhstan’s Parliament adopted a new law on religion that among other things introduces ban on prayer rooms in public bodies, education and healthcare facilities, military units.
01 October 2011
Chairman of Kazakhstan’s Agency for Religion on wearing hijabs
According to him, this issue should not be raised in the legislation.
29 September 2011
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