Economic slowdown expected in Central Asia in 2015: IMF
The newly published IMF report on economic prospects of the Caucasus and Central Asia is not very optimistic.
We learn to live without oil: Kazakhstan's Minister of Finance
Kazakhstan’s Minister of Finance Bakhyt Sultanov answered questions of foreign guests at the VII Astana Economic Forum concerning the measures Kazakhstan had been undertaking amidst unstable oil prices.
Question of Berezovka villagers relocation budges
Will Berezovka villagers finally be relocated to a safer place?
Kazakh president meets Shell's Ben van Beurden in Astana
President of Kazakhstan receives the CEO of Royal Dutch Shell in Akorda.
Pregnant oil company employee threatens to jump out of window for non-paid salary
A 5-month pregnant employee of Aktobe-based oil company Lines Jump LLP threatens to jump out of a window because she has not been paid any salary for months.
Kazakhstan has enough oil, even without Kashagan: Nazarbayev
President Nursultan Nazarbayev believes Kazakhstan has enough oil even without Kashagan oil field at the Caspian sea.
Children faint again in village near major Kazakh oil and gas field
Three children have faited during classes in Berezovka village just several months after a series of mass incidents of the same nature.
Nazarbayev meets French Total CEO
Kazakhstan’s President Nursultan Nazarbayev has met with the CEO of French oil giant Total Patrick Pouyanne on Tuesday, April 14.
TengrizChervrOil capacity expansion soars by $15bln
Projects for expansion of production capacity at Tengiz oil and gas field in Western Kazakhstan have seen their price tag soar. By $15 billion!
Kazakhstan mulls halving crude export duty
In the wake of dropping oil prices, the crude export duty rate in Kazakhstan, according to Halyk Finance analytics, could be reduced by half.
Oil price may hit $40 per barrel by end of month
Oil prices might fall again as reserves of crude continue growing, experts say.
Modernization of Kazakh oil refineries may be delayed
The process of modernizing Kazakh oil refineries may have to be delayed, putting additional pressure on the domestic fuel market of Kazakhstan.
KazMunaiGas Exploration and Production profits falls by 67 percent in 2014
Profits of Kazakhstan's largest oil production company fall in 2014.
Kazakhstan budget may lose $5 bln in revenues
The budget revenues of Kazakhstan may be $5 bln short of target if the oil prices stay at $50 per barrel in 2015.
Moody's downgrades ratings for scandal-hit Petrobras
International ratings agency Moody's said it had downgraded all ratings for scandal-plagued Brazilian oil giant Petrobras.
Tenge exchange rate adjustment possible if oil prices go below $50: Kazakh central bank governor Kelimbetov
Governor of the National Bank of Kazakhstan Kairat Kelimbetov said that a devaluation of the tenge is possible if oil prices fall below $50 per barrel.
Low oil prices won't spur world growth: Moody's
Low oil prices normally help grease the wheels of business and spur global economic growth, but Moody's said it would not revise its forecasts for the G20,.
Standard & Poor’s lowers Kazakhstan long-term ratings
Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.
Can Brazil president survive growing Petrobras scandal?
Mounting allegations that her party received hundreds of millions of dollars in a kickbacks scandal engulfing oil giant Petrobras have sent Brazilian President's poll ratings tumbling.