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Kazakhstan News

Rough Year Ahead for Central Asia Kazakhstan News

Rough Year Ahead for Central Asia

Political risk in Central Asia for 2013 is widespread but uneven. Across the five post-Soviet countries, state decision-making is walled inside presidential palaces. While the heads of state range from outright dictators (Kazakhstan, Turkmenistan) to façade democrats (Kyrgyzstan), institutional mechanisms for sharing and transferring power are non-existent. The strongest organized bidders for influence are rogue actors like drug cartels, provincial strongmen and scheming business elites. Environmental degradation, the propensity for natural disaster and bitter politics expose much of the population to energy and food shortages. The extraction industries dominating Central Asian economies encourage wealth concentration and exasperate nepotism and cronyism. Ethnic hostilities, Islamic insurgencies, nationalist rivalries, intraregional grievances, and spillover from the war in Afghanistan threaten to reintroduce civil conflict and the possibility of forced regime change from below. January 10 2013, 12:40 2 470 views
Max Discovers Oil at Eskene North Kazakhstan News

Max Discovers Oil at Eskene North

Max Petroleum Plc, UK-based oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metregross interval in the Triassic Formation at measured depths between 1,272 and 1,362 metres. Reservoir quality is fair with porosities ranging from 15% to 20%, reads the company press release. January 3 2013, 11:54 1 879 views