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Studies & Opinions
Middle East, Africa
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Kazakhstan’s National Bank invests heavily into gold
Kazakhstan’s National Bank has been steadily increasing its gold reserves over the past few years.
Kazakhstan National Bank explains tenge depreciation and equilibrium rate
Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan
Irtysh River to be used for salvation of dying Aral Sea: Kazakh Ministry of Energy
Ministry of Energy suggests using the Irtysh River to save the Aral Sea, one of the worst environmental disasters located in Kazakhstan.
Oil price may hit $40 per barrel by end of month
Oil prices might fall again as reserves of crude continue growing, experts say.
Kazakhstan must find new oil and gas fields: Senator
Senator Lyazzat Kiinov said Kazakhstan had to invest into oil and gas exploration since the remaning natural reserves would soon be depleted.
Central Bank Governor on situations in Russia and Kazakhstan
According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.
Kazakhstan’s international reserves figure announced
Kazakhstan’s international reserves, including the gold and FX reserves of the Central Bank and the assets of the National Oil Fund grew from $95.507 to $103.754 billion from January to July 2014.
Kazakhstan's Katon-Karagai and Akzhaik added to UNESCO World Network of Biosphere Reserve
Kazakhstani natural parks Katon-Karagai and Akzhaik have been designated as Biosphere Reserves.
Kazakhstan approves new geological exploration program
Kazakhstan's geological exploration will focus on precious metals, especially gold, rare earth metals and copper.
Kazakhstan Government increases reserve fund by $250 million after tenge devaluation
Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget.
BP plc decreases Kazakhstan’s natural gas proven reserves figures
We only brought the figure in line with western systems of estimates: BP's Chief Economist Christof Ruhl.
Bernanke: Fed will not raise rates in forseeable future
Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed is nowhere close to raising interest rates, assuring markets that the US easy money tap would not soon dry up.
Alakol enters global network of biosphere reservations
Kazakhstan’s biosphere reserve Alakol lake has been entered into global network of biosphere reservations.
Kazakhstan may run out of uranium in 60 years
Kazakhstan has uranium reserves for 60-70 years at maximum production level and 80-90 years at current production without replenishment.
Kazakhstan boosting share of gold in gold and FX reserves
According to National Bank Vice Governor Bissengali Tadzhiyakov, the share of gold in the country’s gold and FX reserves stands at 22% at the moment.
KMG looks to increase oil and gas stock to 1 billion tons by 2022
KazMunaiGas aims to become one of the world's top 30 oil and gas companies by 2022: Samruk-Kazyna Managing Director Malik Salimgereyev.
Australia creates world's largest marine reserves
Australia Friday created the world's largest network of marine reserves, protecting a huge swathe of ocean environment despite claims it will devastate the fishing industry.
Kazakhstan has proven reserves of copper and polymetals for another 10-15 years
Our situation is worst with copper and polymetals: the proven reserves of non-ferrous metals will support the industry for another 10-15 years only: Issekeshev.
China starts stockpiling rare earths: report
China has started stockpiling rare earths for strategic reserves, a state-backed newspaper said Thursday, in a move which may raise more worries over Beijing's control of the coveted resources.
National Bank purchased 20 tons of gold since November 2011
As of March 1, 2012 the Bank’s gold and currency reserves made up $35.352 billion, with the currency reserves standing at $30.072 billion.
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