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Kazakhstan Government to curb price for bread: Minister of Economic Development According to the Minister, the Government will make sure the price remains at the current level.

06 October 2011

Development of Imashevskoye condensed gas field in the Caspian offshore delayed on Russia’s side Russia and Kazakhstan signed an inter-government agreement on geological exploration of the transborder condensed gas field in September 2010.

06 October 2011

CPC to transport 32 million tons of oil in 2011 The CPC is implementing a project to expand the pipe’s capacities to 67 million tons a year. The project is to be completed by 2014.

06 October 2011

Kazakhstan is ready to pay $700 million - 1.1 billion for a stake in Karachaganak With its 1.2 billion tons of oil and condensed gas and 1.35 trillion cubic meters of gas, Karachaganak is one of the largest O&G fields in the world.

05 October 2011

Imams of Kazakhstan sit for an obligatory test 900 out of 2.5 thousand mosques are based in the South Kazakhstan. That's why the assessment started from the South.

05 October 2011

President of Kazakhstan has no personal blogs in social networks: official statement The reason behind this statement was emergence of a Twitter account run by someone naming himself “Nursultan Nazarbayev”.

05 October 2011

Head of National Railways Operator reported to President Nazarbayev on the Company’s performance Net profit of the KazakhstanTemirZholy (KTZ) National Railways Operator as of the end of 2011 is expected at $612.2 million.

05 October 2011

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

Kazakh-Russian project to construct the Baiterek space launch complex 1.5 years behind the schedule Initially the Baiterek (“poplar tree”) space launch complex was supposed to be constructed at Baikonur in 2013, following the testings of Angara booster rocket.

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

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