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KazMunaiGas EP exiting negotiations over Akkas gas field in Iraq KazMunaiGas Exploration Production was established in March 2004 and is among the top three oil producers in Kazakhstan.

11 May 2011

New oil refinery may be built in Kazakhstan in 2020 Processing capacities of the current three refineries [based in Pavlodar, Atyrau and Shymkent] can meet the domestic demand: O&G Minister Sauat Mynbayev.

11 May 2011

Kazakhstan to boost oil processing to 17 million tons by 2015 As of today, Kazakhstan-based refineries process a bit over 13 million tons a year: Oil and gas Minister Sauat Mynbayev.

11 May 2011

Russian Foreign Minister to visit Astana on May 13-14 Minister of Foreign Affairs of Russia Sergey Lavrov will visit Astana on May 13-14, 2011.

10 May 2011

National Bank of Kazakhstan planning currency swap operations with China and Russia Both the yuan and the ruble are growing more demanded to service external trade: Gregory Marchenko, Head of Kazakhstan’s National Bank.

10 May 2011

Ministry of Economic Development and Trade unveils a detailed plan to secure 7% GDP growth To secure GDP annual growth at 7%, capital investments for the period of 2011-2015 should grow by 58.5% against 2010: Kairat Kelimbetov, Minister Economic Development and Trade.

10 May 2011

Budget deficit to be cut down from 2.5% to 1.3% of GDP Ministry of Economic Development and Trade forecasts budget deficit will be cut down to 1.3% of the nation’s GDP by 2014.

10 May 2011

Kazakhstan developing Plan B in case of negative economic scenario Early May the Government adopted a plan to secure 7% GDP growth in 2011 in line with President Nazarbayev’s instructions.

10 May 2011

Economy Minister regards year 2011 as “dangerous” in terms of inflation He reminded that in January – April consumer prices grew 4.2% as compared to December 2010.

10 May 2011

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Minister of Education to deal with those behind late earthquake warning Kazakhstan Minister of Education and Science promised to deal with those responsible for late notification about the 5.4 quake in Almaty oblast on May 1.

09 May 2011

PHOTO: School in Malovodnoye village damaged by 5.4 quake Ostrovskiy School in Malovodnoye village was damaged by the 5.4 earthquake that hit Almaty oblast on May 1.

08 May 2011

Kazakhstan residents may be warned of quakes via Twitter and SMS Ministers of Emergency Situations and Communications talked about new projects in earthquake preparedness.

06 May 2011

Kazakhstan’s PM Massimov meets IMF delegation Kazakhstan's economy is set to expand by 5.9% this year, the International Monetary Fund said on Wednesday, raising its previous forecast.

06 May 2011

USAID allocating money to enhance Kazakhstan’s healthcare system The healthcare project is designed for 5 years and seeks to increase access to quality healthcare within two years’ time. Starting from the end of 2012, the Program will be focused on HIV prevention and tuberculosis prevention.

06 May 2011

Gold and currency reserves grew by 31% in January-April to $36.4 billion In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.

05 May 2011

Kazakhstan’s Government adopts plan to secure 7% economy growth The task to ensure 7% growth was set by President Nazarbayev at an extended sitting of the Government mid-April.

05 May 2011

KazSat-2 launch put off till July 10 Khrunichev State Research and Production Space Center has not sorted out some minor faults so far: Viktor Lefter, Head of the Kazakhstan’s Center for Space Communications.

05 May 2011

Russian diplomat run a 4-year-old girl over with a car in Almaty An employee of the Consulate General of Russia run a 4-year-old girl over with an electric car in Almaty.

05 May 2011

Almaty 5.4 earthquake tagged off-standard A seismologist commented on the nature of the 5.4 earthquake near Almaty on May 1 and tagged it off-standard.

05 May 2011