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News overview

uranium production news KazAtomProm Kazakhstan Kazakh South Korea Minister gas Atyrau power plant nuclear power Energy refinery Oil Prime-Minister Massimov Masimov Russia rocket Baikonur Samruk Kazyna euro dollar budget visit Ministry of Foreign Affairs Iran payment mobile construction Taxes investor investment Kashagan religion Parliament Muslim Law Internet Islam hijab Toshiba rare earths Japan Senate migration migrant China Kyrgyzstan Kyrgyz

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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 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 октября 2011

Ozon.ru, Russia’s Amazon.com look-alike, to launch dispatch service in Kazakhstan in November The Company will launch delivery outlets in Astana and Almaty.

30 сентября 2011

Chairman of Kazakhstan’s Agency for Religion on wearing hijabs According to him, this issue should not be raised in the legislation.

29 сентября 2011

KazAtomProm and Toshiba Corporation of Japan launch a JV to produce rare metals and rare earths It is expected to start its operations as early as in November.

29 сентября 2011

Kazakhstan’s Senator suggests toughening migration policy with regards to China’s citizens According to him, China is targeting Kazakhstan as part of its demographic expansion campaign.

29 сентября 2011

Kyrgyzstan to supply 3.2 billion kilowatt-hours to Kazakhstan in 2012 It is the first time Kazakhstan has decided to purchase electric power rather than exchange it for coal for the Bishkek (Kyrgyzstan) thermal power plant: Kyrgyz Acting Prime Minister Omurbek Babanov.

29 сентября 2011

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