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Dropping oil prices cast a shadow of unprofitability over Kashagan The falling oil prices put the entire Kashagan project in question. Kashagan is a huge oil field located in Kazakhstan's sector of the Caspian Sea.

07 November 2014

Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman KazMunaiGas Vice Chairman Tiyesov has spoken in the Mazhilis informing the deputies that Kazakhstan will face a decline in oil production should no new fields be discovered in the upcoming decade.

07 November 2014

Communists in Kazakhstan slam decision to abandon construction of oil refinery The People's Communist Party has tagged the decision to abandon construction of the 4th oil refinery in Kazakhstan ill judged and said problems had to be solved by the government not shifted to the shoulders of the citizens.

07 November 2014

Nazarbayev addresses Council of Leaders of CIS Security and Special Services President Nursultan Nazarbayev has met with the participants of the 37th meeting of the Council of Leaders of CIS Security and Special Services.

07 November 2014

Democracy cannot be imposed: Kazakh Senate Speaker Tokayev Senate Speaker Kassym-Jomart Tokayev has expressed his view that democratization is a dynamic process, and therefore democracy cannot be artificially accelerated or imposed.

07 November 2014

Following overhaul at three oil refineries Kazakhstan may face excessive supply of petroleum products The only potential market available for our petroleum products is that of other Central Asia states with a growing population and a shortage of oil processing capabilities of their own. And Afghanistan as well: Vice Chairman of the Board at KazMunaiGas.

06 November 2014

Great Britain and Kazakhstan to expand economic ties FDI from Great Britain to Kazakhstan from 2005 to the Q1 2014 totaled $10.5 billion.

06 November 2014

Explosion in Karaganda mine: one killed, one injured An explosion in a mine in Satpayev town of Karaganda Oblast in central Kazakhstan has claimed one life.

06 November 2014

Foreign borrowers responsible for 40% of NPLs in Kazakhstan A significant bulk of the NPLs were provided back in 2006-2008, a time of heavy borrowing and high appetite for risky investments.

05 November 2014

New pipelines to be delivered to Kashagan early 2015 According to the Energy Minister, of today the project subcontractors have purchased around 45 kilometers of pipelines.

05 November 2014

Murray toughest opponent for Golovkin: Loeffler WBA, IBO and WBC Interim middleweight champion Gennady Golovkin will face WBC Silver titleholder Martin Murray from the UK on February 21, 2015.

05 November 2014

Promising Kazakh startups to be presented in Singapore Five Kazakh startups have been chosen to participate in an ICT startup accelerator program in Singapore.

05 November 2014

Progress seen in Kazakhstan-EU extradition settlements: Deputy Prosecutor General of Kazakhstan First Deputy Prosecutor General of Kazakhstan Iogan Merkel has declared that Kazakhstan was moving forward in the realm of extradition to and from Europe.

05 November 2014

Zeffirelli to present Aida in Astana Opera on November 19-22 Franco Zeffirelli will direct Aida opera in the Astana Opera.

05 November 2014

Kazakhstan introduces arrest for misdemeanors with no detention homes in place Kazakhstan has changed its legislature to huminize the justice system by differentiating between crimincal misdemeanor and criminal offence. The first is supposed to be punished by arrest but there are no detention homes in Kazakhstan. Even more, the courts will gain the right to order arrest for misdemeanors only starting January 1, 2017. That is, two years from now.

05 November 2014

Kazakhstan's Majilis ratifies Charter of Islamic Organization for Food Security Majilis, the lower chamber of Kazakhstan’s Parliament, has ratified the Charter of Islamic Organization for Food Security (IOFS), a subsidiary of the Organization of Islamic Cooperation (IOC).

04 November 2014

Kazakhstan's Zhambyl Oblast to double agricultural production by 2020 Zhambyl Oblast in southern Kazakhstan plans a massive increase in its agricultural production, the Governor of the Oblast said.

04 November 2014

Kashechkin needs €15 million for second Kazakh cycling team Andrey Kashechkin wants to create one more cycling team to race for Kazakhstan. He needs sponsors though.

04 November 2014

ADB provides a loan of $122 million to support S&MBs in Kazakhstan The loan is part of the second tranche of the $500 million program to support S&MBs approved by the ADB in 2012.

04 November 2014

IMF on inflation rate in Kazakhstan Earlier the country’s Central Bank reported that the annual inflation rate as of the end of July stood at 7%.

04 November 2014

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