Max Petroleum hires Sun Drilling for projects in Kazakhstan

Max Petroleum hires Sun Drilling for projects in KazakhstanMax Petroleum plc is an independent Oil and Gas exploration company with an initial focus in the Republic of Kazakhstan. The Group’s strategy is to maximise the value generated from the Group’s capital spending programme over the next three to five years by properly capitalising on the Group’s extensive 3D and 2D seismic and other geological data acquired on its exploration acreage in the Pre-Caspian Basin.

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Kazakhstan Power Report Q3 2009

BMI forecasts that Kazakhstan will account for 4.49% of Central and Eastern European (CEE) regional power generation by 2013. CEE power generation in 2008 was an estimated 2,096 terawatt hours (twh), representing an increase of 2.8% over the previous year. We are forecasting a rise in regional generation to 2,340twh by 2013, representing an increase of 11.6% over our five-year forecast horizon.

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Eastern Europe and Kazakhstan

State-owned KazMunaiGaz (KMG) says it is close to finalising a deal with China National Petroleum Corporation jointly to buy MangistauMunaiGaz (MMG). The initial share-sale agreement was signed between the owner of MMG, Indonesia’s Central Asia Petroleum, and Mangistau Investments, jointly owned by the Kazakhstani and Chinese companies, during the visit of Kazakhstan President Nursultan Nazarbayev to China in April. KMG will finance its part of the deal using $5bn of credit granted by the Chinese.

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Economic meltdown only latest woe for oil-rich Kazakhstan

Economic meltdown only latest woe for oil-rich KazakhstanWith economic turmoil ravaging world markets, political or economic instability anywhere comes with incrementally higher stakes. Russia’s most recent conflict with the Ukraine and last year’s clampdown on the Caucasus state of Georgia has undoubtedly had ripple effects. The road ahead for the central Asian nation of Kazakhstan, nestled awkwardly between its powerful Russian and Chinese neighbors, may be equally ambiguous and fraught with potentially-hazardous unknowns.

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Kazakh enterprises remain under scrutiny

Kazakh enterprises remain under scrutinyThose who had pinned their hopes on troubled Kazakh companies getting a facelift in the eyes of the international financial world by government interventions have so far been disappointed.

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