Economy

Economy

Freezing Islands

NCOC oil consortium responded to our editorial enquiry about the situation on A and D islands (North-Caspian offshore project). To recall, due to weather conditions the islands were frozen in (see – “Kashagan cut off from big land, as east wind drives water away”) and food supply lines have been interrupted.  Information was received about protest moods among the workers of CAPE and Kentech contracting companies (up to 300 people), particularly, because of the impossibility to leave the islands at the end of work rotation. December 28 2012, 18:55 2 604 просмотрs

Economy

Vice Premier Paid Visit to Kulsary (Updated)

On December 26 the government delegation, headed by Vice PM Krymbek Kusherbaev, paid a working visit to the city of Kulsary. They were accompanied by Baktykozha Izmoukhambetov, the Governor of Atyrau Oblast, his Deputy - Goumar Dyusembaev and other local officials. December 27 2012, 20:58 2 836 просмотрs

Economy

Kazakhstan to attract foreign investment in sea fishing

Chairman of Fisheries Committee under the Kazakh Agriculture Ministry Kadyrzhan Teylyanov believes that Atyrau and Mangystau regions of Kazakhstan could attract foreign investment in sea fishing. December 27 2012, 12:25 2 028 просмотрs

Economy

TCO’s Best Friends

On December 14, TCO held a forum on Partners’ program for development of small and medium businesses. December 20 2012, 15:25 2 541 просмотрs

Economy

CPC decided to take a loan of up to $500 million for expansion

Shareholders of the Caspian Pipeline Consortium (CPC) have decided to take out an external loan of up to $500 mln for financing CPC project expansion activities. November 30 2012, 15:19 3 882 просмотрs

Economy

ConocoPhillips selling Kashagan to Indian ONGC

ConocoPhillips announced on Monday that it has intention to sell its 8.4% in the North Caspian Production Sharing Agreement to ONGC Videsh Limited. The proceeds from sale would be $5bn, reads the company press release. The deal is slated to close in the 1H 2013. November 30 2012, 11:36 2 673 просмотрs

Economy

Atyrau Refinery Unveils New General Director

Atyrau Refinery external relations and information service circulated the press release about appointment of Arman KAIRDENOV, the new general director of the plant. Ex-director Talgat BAITAZIEV was released from the position according to his letter of resignation. November 21 2012, 20:28 4 218 просмотрs

Economy

Mineral resource companies to pay 2.7bn tenge as penalty for non-transparent procurement operations - oil ministry

Atyrau. November 12. Interfax-Kazakhstan - The mineral resource companies operating in Kazakhstan will pay a total of 2.7 billion tenge (150.79/$1) in fines for violations of the procurement procedures, said Kanatbek Safinov, the executive secretary of the Kazakh Ministry of Oil and Gas. November 13 2012, 15:58 2 130 просмотрs

Economy

KZT 17mln worth IPO sold out in Atyrau in a day

Total cost of the applications to buy shares within the People’s IPO made 17mln tenge on the first day (November 6), according to Altynai SAMIYEVA, the head of financial services of Atyrau oblast branch of KazPost JSC. November 7 2012, 17:40 2 372 просмотрs

Economy

People's IPO kicks off tomorrow

Kazakhstan residents will be able to submit the applications for participation in the People’s IPO starting from November 6, chairman of Samruk-Kazyna National Welfare Fund Umirzak Shukeyev said at a recent meeting of Kazakhstan Government. November 6 2012, 09:56 3 007 просмотрs

Economy

Karabatan to be equipped with a bombshelter

Making presentation of potential investors during the 3rd Kazakhstan-UK Supply Chain Forum, managing director of Kazakhstan Petrochemical Industries (KPI) Zhambyl KEKILOV spoke of the pace of integrated gas and chemical complex construction within special economic zone in Karabatan November 2 2012, 10:15 7 710 просмотрs

Economy

The third Kazakh-British Oil and Gas Supply Chain Engagement Forum has started in Atyrau

The third Kazakh-British Oil and Gas Supply Chain Engagement Forum has started in Atyrau on October 30-31, the Forum press service reported.  October 30 2012, 21:55 4 419 просмотрs

Economy

Construction Contractors Need to Be Changed

“It is necessary to change the contractors and to hand over the materials to law enforcement agencies”, – repeated this phrase several times Bolat NURGALIEV, the head of oblast construction department at the meeting in oblast akimat. October 26 2012, 21:36 2 576 просмотрs

Economy

Atyrau Refinery resumes gasoline production

Atyrau refinery in 11 days fixed the defects in the kiln of catalytic reforming LG unit and renewed gasoline production. October 22 2012, 18:22 2 641 просмотрs

Economy

Expert: Extension of production sharing agreement on Kazakh project of Kashagan unlikely

The extension of a production sharing agreement (PSA) on Kashagan Kazakh oil and gas project is unlikely, the Department Director of Due Diligence "2K Audit - Business Consulting / Morison International" Alexander Shtok stated. October 22 2012, 17:23 3 107 просмотрs

Economy

Farmers promise to keep sheep prices low by Muslim Feast of the Sacrifice

Demand for mutton has sharply risen on the eve of Eid al-Adha-2012 in Kazakhstan. Mojazarplata.kz compared sheep prices in countries that celebrate the holiday. October 22 2012, 14:30 2 552 просмотрs

Economy

Finpol suggests to ban cash withdrawal for legal entities

Kazakhstan Agency for Countering Economic and Corruption Crimes (Financial Police) proposed to ban cash withdrawal for legal entities. October 19 2012, 11:44 2 035 просмотрs

Economy

‘A’ Island to give the first Kashagan oil

Facilities of Kashagan, one of the world’s largest oil fields, have been completed by 92% in Phase 1. Tier 1 and 2 works of Phase 1, which are required for production of the first oil, have been completed by 97%.    October 14 2012, 16:58 6 950 просмотрs

Economy

Atyrau Department of Justice and Police Helped Ablyazov's Relatives to Escape

Atyrau city court # 2 issued sanctions for 2 months’ arrests of Asylbek SAIFULLIN, marketing expert of Ellis Region LLP and Zhomart KUSHALIEV, the migration police department inspector of Atyrau Oblast. October 12 2012, 16:04 5 635 просмотрs

Economy

Kazakhs may be left without pensions

According to Grigoriy Marchenko, Chairman of National Bank, if Kazakhstan doesn't increase retirement age, its pension system may turn bankrupt soon or late. October 12 2012, 15:45 2 569 просмотрs

Economy

Atyrau refinery stops gasoline production until October 25

Production and shipment of gasoline stopped at the Atyrau refinery from Oct 6 till Oct 25, said Rustem Bisaliev, the first Deputy Chief Engineer of the plant. October 12 2012, 09:49 3 336 просмотрs

Economy

Annoyed bakers’ visit

  Today, on October 11, the delegation of Atyrau bakers came to the city Akimat. The bakers are outraged by the fact that the delivery of flour for production of so-called ‘social’ bread (a loaf of white bread) has stopped. They are now forced to buy flour at a market price, i.e. operate at a loss. October 11 2012, 16:35 3 646 просмотрs

Economy

Local Gov’t Barely Copes with Unemployment

According to the oblast employment department, for the year to date, 5,300 people have been released just from Karabatan. Another 2,900 will be reduced by the end of the year. Half of them live in Atyrau Oblast. October 11 2012, 15:56 3 848 просмотрs

Economy

More than 80 million Euros to be invested in the Western Kazakhstan

One of the largest German foreign companies Salzgitter Mannesmann International GmbH and French Vallourec S.A. made the preliminary decision to invest in the construction of plants on the territory of the Western Kazakhstan, JSC KaznexInvest press service reports. October 4 2012, 17:05 2 927 просмотрs

Economy

Kazakhstan raises fuel prices

Due to Brent oil price growth from $104.09 to $114.8 per barrel, the prices for fuel have changed, Tengrinews.kz reports citing the press-service of the Agency for Natural Monopolies Regulation.  October 3 2012, 15:33 2 184 просмотрs