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.
“Today, Kazakhstan does not need agreements on production sharing. This mechanism was required when the country had no funds for development of the oil and gas industry. Currently, Kazakhstan is experiencing no difficulties in attracting investments, this is why cooperation with investors in the PSA format is not relevant. Moreover, Kazakhstan is trying to reconsider the PSA conditions for foreign investors in their favor. Therefore it will be difficult to extend the terms of the PSA on Kashagan, the energy expert Shtok told on Saturday.
The only Kazakhstan’s building-construction plant to be erected in Kostanay
The contract was signed on October 11 between Kostanai Akim (Mayor) Gauez Nurmukhambetov, management of Kostanai MBI and partners from Germany in the person of Director General of Likon company Viktor Lichtner, commercial director of EBAWE Uve Seits, the company’s finance director Ekkert Verner and head of sales department of Progress Holding Iohan Aukentaler. The delegates met with Akim (Governor) of Kostanay oblast Nuraly Saduakassov.
“This is only the beginning of our cooperation with Kostanay. We discussed and thought over all the details and signed the contract and memorandum on social and economic cooperation in erection of the building-construction plant as part of Kazakhstan’s Affordable Housing-2020 program,” Director General of Likon company said.
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Oil training center to be created in Atyrau
An oil and gas training center will be created in Atyrau with Canadian experts, the Foreign Ministry said on Friday.
“The Kazakh delegation composed of the heads of ministries and akimats, led by Deputy Prime Minister Erbol Orynbayev visited Canadian city (Alberta) on October 15-16. Main purpose of the visit was to conduct a final stage of negotiations with the management of the Polytechnic Institute of Southern Alberta (SAIT Polytechnic), chosen as a strategic partner in the creation of the Inter-regional center of professional training and retraining in the oil and gas sector in Atyrau,” the report said.
Start of the main phase of the project is scheduled for 2013.
Vuitton sbarca in Kazakhstan
Louis Vuitton apre ad Almaty il suo primo punto vendita kazako. Inaugurato pochi giorni fa all’interno del nuovo luxury mall Esentai, lo store ospiterà le collezioni di pelletteria, accessori, gioielli, calzature e abbigliamento della maison francese. Sul fronte strategico, l’opening è una conferma dell’estremo interesse che il marchio ammiraglio del Gruppo Lvmh nutre nei confronti di tutti quei mercati in forte sviluppo culturale ed economico, come ha dichiarato lo stesso presidente del marchio Yves Carcelle.
All’interno del mall Esentai, che aprirà ufficialmente sabato 20 ottobre, è atteso l’arrivo del retailer americano Saks Fifth Avenue, nonché delle griffe Prada e Christian Dior.
Kazakhstan Parliament adopts new 3-year budget
Kazakhstan Parliament has unanimously adopted the country’s budget for 2013-2015,Tengrinews.kz reports.
“Dear member of the Parliament, today we had a clamorous talk on adopting the budget. Its adoption is our common task. We should always work as a team and take decisions jointly. I hope it will continue like this in future,” Prime-Minister Serik Akhmetov told the deputies.
Speaker of the Majilis (Lower Chamber of the Parliament) Nurlan Nigmatulin said that the deputies managed to improve the budget and find additional funds for resolution of social issues.
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Kazakhstan government forecasts 7% economic growth in 2013-2017
Kazakhstan government forecasts economic growth of 6-7.6 percent a year in 2013-2017,Tengrinews.kz reports citing Prime-Minister Serik Akhmetov as saying during discussion of the draft law on state budget at the extended meeting of Nur Otan party.
“These parameters are sufficient to ensure an average economic growth of 7-percent in the medium-term period,” Akhmetov said.
Speaking to the deputies, Prime-Minister noted that “Despite of the escalating crisis in Europe and staggering economic growth in the European Union and the United States, Kazakhstan is maintaining a progressive economic development”.
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Ad Almaty è di scena il Made in Italy stra-ordinario
Ad Almaty, fino al 21 ottobre, è ancora possibile visitare la mostra dedicata al Made in Italy, inaugurata qualche giorno fa anche dall’ambasciatore Alberto Pieri. L’evento, intitolato “Made in Italy Extra Ordinary Design”, è l’occasione per potere apprezzare in un unico contesto le eccellenze italiane che riguardano diversi settori, come tecnologia, moda, creatività, arte, design, ma anche il tanto amato “italian style”.
A presentare la mostra, patrocinata dalla Farnesina, è stata l’ambasciata italiana in Kazakhstan in collaborazione con Confindustria-Giovani. La mostra è stata inaugurata lo scorso 10 ottobre.
Kazakhstan plans to launch Kartaly (Russia) – Astana gas pipeline in third quarter of 2014
Kazakhstan plans to launch Kartaly-Astana gas pipeline in the third quarter of 2014, Kazakh National Company KazMunaiGas told Trend via e-mail on Friday.
According to KazMunaiGas, the feasibility study of the project has been revised and the updated project envisages reduction of pipeline capacity from 6 to 3 billion cubic meters of gas.
“Following a series of meetings in Kazakh Oil and Gas Ministry with design institutes (Kazakh Oil and Gas Institute and KATEK Design and Research Company) and Kazakh Agency for Construction and Housing, a decision was taken to optimize the technical and economic indicators of the feasibility study in accordance with consumption in near-term period without transfer of industrial consumers and consumers of fuel and energy complex to natural gas,” KazMunaiGas said.
The project optimization has been approved by the Kazakh President.
According to KazMunaiGas, West-North-Centre main gas pipeline construction through Tobol — Kokshetau — Astana will cost 208.4 billion tenge. The construction of the Kartaly — Astana pipeline is scheduled to start in 2013. The pipeline will run from Russian Kartaly through Kazakh Kokshetau and Kostanay to Astana. The pipeline will supply Russian gas to Kazakh city of Astana.
Kazakhstan-Turkey to increase bilateral trade volume up to $10 bln
Kazakhstan and Turkey signed an action plan within New Synergies program. The program envisages increase of bilateral trade volume up to $10 billion and annual $500-million increase in volume of investment, Kazakh presidential press-service reported.
“We hope that the Turkish investors will continue to work actively in Kazakhstan. Today we discussed the establishment of the Kazakh-Turkish industrial zones. Also it was agreed to increase the efficiency of the economic commission of the two countries,” Kazakh President Nursultan Nazarbayev said at the press-conference following a meeting with Turkish Prime Minister Recep Tayyip Erdogan.
According to Nazarbayev, the today’s Kazakh-Turkish business forum opens up great opportunities for development of business partnership between the two countries. Some 50 representatives of Kazakh companies and 600 representatives of Turkish companies will take part in the forum. Some 13 bilateral agreements worth $1 billion are expected to be signed within the forum.
In turn, Turkish Prime Minister Recep Tayyip Erdogan said that Kazakh President’s visit raised the relationship between the two countries to a new level.
A loan agreement signed between Kazakhstan and the World Bank
A Loan Agreement on the East-West Roads Project (Almaty-Khorgos section): the International transit corridor Western Europe – Western China (CAREC 1b)” was signed today between the Republic of Kazakhstan and the World Bank.
The new 305 kilometers road from Almaty to Khorgos to be opened in 2015, being a transit link between China and Kazakhstan and other Central Asian countries, has a great potential to accelerate trade flows and economic prospects to boost the regional economy.
“The East-West Roads Project signed today will complete the upgrade of the Western Europe-Western China Road Corridor,” says Bolat Zhamishev, Minister of Finance of the Republic of Kazakhstan. “Aimed at improving the efficiency of the transport link from Almaty – one of the main economic centers of Central Asia – to Khorgos, the main road border crossing between Kazakhstan and China, the Project will help improve access to markets, enhance business opportunities, and create more jobs”.
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